Copper Road Announces Fully Subscribed Private Placement of $100,000
LEGAL*59355353.1
Copper Road Announces Fully Subscribed Private Placement of $100,000
TORONTO, August 21, 2024 (GLOBE NEWSWIRE) – Copper Road Resources Inc. (TSXV: CRD) (“Copper Road” or
the “Company”) is pleased to announce to announce a fully subscribed non-brokered private placement (the
“Offering”) for gross proceeds of $100,000 from the sale of 5,000,000 common shares of the Company.
The closing of the Offering is expected to occur on or about September 5, 2024, and is subject to receipt of all
necessary regulatory approvals including the TSX Venture Exchange (“TSXV”). The Company expects to use the
proceeds for exploration activities on the Mount Jamie property and for general working capital purposes.
About Copper Road
Copper Road Resources (TSXV: CRD) is a Canadian based explorer engaged in the acquisition, exploration and
evaluation of properties for the mining of precious and base metals.
For more information, please contact:
Mark Goodman, Interim President and Chief Executive Officer
Email: [email protected]
Web: www.copperroad.ca
Cautionary Note Regarding Forward Looking Information
This news release contains "forward -looking information" and "forward -looking statements" (collectively, forward -looking
statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical
fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release.
Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates"
or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of
such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur
or be achieved) are not statements of historical fact and may be forward -looking statements. In this news release, forward -looking
statements relate to, among other things, the completion of the Offering, including receipt of all necessary regulatory approvals, the
Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future
growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time
such statements were made. Actual future results may differ materially as forward -looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially
differ from any future results, performance or achievements expressed or implied by such forward -looking statements. Such factors,
among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be
conducted at the Company’s properties; the receipt of all applicable regulatory approvals for the Offering; the completion of the
Offering on the terms described herein, or at all; failure to identify any mineral resources or significant mineralization; the preliminary
nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to
fund any exploration programs on the Company’s properties; fluctuations in general macroeconomic conditions; fluctuations in
securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other com modities; fluctuations in
currency markets; change in national and local government, legislation, taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave -ins and flooding); inability to obtain
adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose rest rictions on mining and
mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability
of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood th at
properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and fut ure
exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in natu re and
are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently
filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release
are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company
cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors
that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on f orward-
looking statements and information. There can be no assurance that forward -looking information, or the mat erial factors or
assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release
publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this news release.