Copaur Minerals arranges $4.5-million private placement
2021-05-14 19:48 ET - News Release
Mr. Conrad Swanson reports
COPAUR MINERALS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Copaur Minerals Inc. has arranged a non-brokered private placement offering of six million units at a price of 75 cents per unit to raise gross proceeds of $4.5-million.
The unit will consist of six million units of the company at a price of 75 cents and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company for a two-year exercise period at a price of $1.25 per share. This financing is subject to TSX Venture Exchange approval. The proceeds of the private placement will be used for a 5,000-metre drill program, additional exploration work and general working capital.
About Copaur Minerals Inc.
Copaur is an exploration company focused on advancing orogenic gold and copper porphyry targets on the William gold copper project, located within the prolific Golden Horseshoe of Northern British Columbia, Canada. Copaur Minerals is ideally situated within the emerging Toodoggone district along the eastern Cordilleran gold belt, composed of the Sheep Creek, Cariboo and Cassiar orogenic gold districts backed by a dynamic and experienced team of resource sector professionals, including members of Benchmark Metals Inc. (TSX-V: BNCH) on its advisory board. The Williams project represents exceptional shareholder value with significant gold and copper potential.
We seek Safe Harbor.