Copper Road Announces Private Placement of up to $400,000
Copper Road Announces Private Placement of up to $400,000
TORONTO, February 14, 2023 (GLOBE NEWSWIRE) – Copper Road Resources Inc. (TSXV: CRD) (“Copper Road”
or the “ Company”) is pleased to announce a non -brokered private placement of up to 5,000,000 units of the
Company (each, a “ Unit”) at a price of $0. 08 per Unit for aggregate gross proceeds of up to $ 400,000 (the
“Offering”). Each Unit will consist of one common share of the Company and one common share purchase
warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the
Company at a price of $0.15 for a period of 24 months the closing date of the Offering.
The Company intends to use the net proceeds of the Offering to further explore the Company’s properties, and
for working capital and general corporate purposes.
The closing of the Offering is expected to occur on or about March 7 , 202 3 and is subject to recei pt of all
necessary regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”). A 7.0% cash
finder’s fee will be payable on the sale of Units sourced by eligible finders in accordance with the policies of the
TSXV.
About Copper Road
Copper Road Resources Inc. is a Canadian based explorer engaged in the acquisition, exploration and evaluation
of properties for the mining of precious and base metals. The Company is exploring for large copper/gold
deposits on the 21,000-hectare Batchewana Bay Project 80 km. north of Sault St. Marie, Ontario, Canada.
Further Information
For further information regarding Copper Road, please contact:
Mr. John Timmons, President/CEO and Director
Copper Road Resources Inc.
Cellular (416) 931 2243
Email: [email protected]
Web: www.copperoad.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 forwa rd-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 expl oration 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 r esults of current and future
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, r eaders should not place undue reliance on forward -
looking statements and information. There can be no assurance that forward -looking information, or the material 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.