CopAur Minerals has announced a non-brokered private placement to raise $85,000, increasing their previously closed financing from $505,500 to $590,500 total. The placement consists of 850,000 units priced at $0.10 each, with each unit including one common share and half a warrant. Each whole warrant allows purchase of an additional share at $0.15 for 18 months, subject to acceleration if shares trade at $0.20 for 10 consecutive days. CEO Jeremy Yaseniuk plans to subscribe for 350,000 units, triggering related party transaction requirements. The company will use proceeds for exploration initiatives and working capital. Additionally, previously announced 3,000,000 stock options at $0.15 have been cancelled.
CopAur Minerals ha annunciato un collocamento privato senza intermediari per raccogliere 85.000$, aumentando il finanziamento precedentemente chiuso da 505.500$ a un totale di 590.500$. Il collocamento consiste in 850.000 unit脿 al prezzo di 0,10$ ciascuna, con ogni unit脿 composta da un'azione ordinaria e mezza warrant. Ogni warrant intero consente l'acquisto di un'azione aggiuntiva a 0,15$ per 18 mesi, con possibilit脿 di accelerazione se le azioni vengono scambiate a 0,20$ per 10 giorni consecutivi. Il CEO Jeremy Yaseniuk intende sottoscrivere 350.000 unit脿, attivando i requisiti per operazioni con parti correlate. La societ脿 utilizzer脿 i proventi per iniziative di esplorazione e capitale circolante. Inoltre, sono state annullate le 3.000.000 di opzioni azionarie precedentemente annunciate a 0,15$.
CopAur Minerals ha anunciado una colocaci贸n privada sin intermediarios para recaudar 85,000$, aumentando su financiamiento previamente cerrado de 505,500$ a un total de 590,500$. La colocaci贸n consiste en 850,000 unidades a un precio de 0.10$ cada una, con cada unidad incluyendo una acci贸n com煤n y media warrant. Cada warrant completo permite comprar una acci贸n adicional a 0.15$ durante 18 meses, sujeto a aceleraci贸n si las acciones se negocian a 0.20$ durante 10 d铆as consecutivos. El CEO Jeremy Yaseniuk planea suscribir 350,000 unidades, lo que activa los requisitos para transacciones con partes relacionadas. La compa帽铆a usar谩 los fondos para iniciativas de exploraci贸n y capital de trabajo. Adem谩s, se han cancelado las 3,000,000 opciones sobre acciones anunciadas previamente a 0.15$.
CopAur Minerals a annonc茅 un placement priv茅 sans courtier pour lever 85 000 $, portant leur financement pr茅c茅demment cl么tur茅 de 505 500 $ 脿 un total de 590 500 $. Le placement comprend 850 000 unit茅s au prix de 0,10 $ chacune, chaque unit茅 comprenant une action ordinaire et une demi-warrant. Chaque warrant complet permet l'achat d'une action suppl茅mentaire 脿 0,15 $ pendant 18 mois, avec une possibilit茅 d'acc茅l茅ration si les actions se n茅gocient 脿 0,20 $ pendant 10 jours cons茅cutifs. Le PDG Jeremy Yaseniuk pr茅voit de souscrire 350 000 unit茅s, ce qui d茅clenche les exigences li茅es aux transactions avec des parties li茅es. La soci茅t茅 utilisera les fonds pour des initiatives d'exploration et le fonds de roulement. De plus, les 3 000 000 d'options d'achat d'actions annonc茅es pr茅c茅demment 脿 0,15 $ ont 茅t茅 annul茅es.
CopAur Minerals hat eine nicht vermittelte Privatplatzierung angek眉ndigt, um 85.000$ zu beschaffen und damit ihre zuvor abgeschlossene Finanzierung von 505.500$ auf insgesamt 590.500$ zu erh枚hen. Die Platzierung besteht aus 850.000 Einheiten zu je 0,10$, wobei jede Einheit eine Stammaktie und eine halbe Option (Warrant) enth盲lt. Jede ganze Option berechtigt zum Kauf einer zus盲tzlichen Aktie zu 0,15$ f眉r 18 Monate, wobei eine Beschleunigung erfolgt, wenn die Aktien 10 Tage in Folge zu 0,20$ gehandelt werden. CEO Jeremy Yaseniuk plant, 350.000 Einheiten zu zeichnen, was Anforderungen f眉r Gesch盲fte mit nahestehenden Parteien ausl枚st. Das Unternehmen wird die Erl枚se f眉r Explorationsinitiativen und Betriebskapital verwenden. Zudem wurden zuvor angek眉ndigte 3.000.000 Aktienoptionen zu 0,15$ storniert.
Positive
Secured additional $85,000 in financing through private placement
CEO demonstrates confidence by personally subscribing for 350,000 units
Warrant acceleration clause provides upside potential if stock performs well
Negative
Relatively small financing amount of $85,000 may indicate limited growth plans
Cancellation of 3,000,000 previously announced stock options could signal change in compensation strategy
Dilutive effect on existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of $85,000 (the "Private Placement") increase to the $505,500 previously closed financing to $590,500.
The Private Placement will consist of 850,000 units at a price of $0.10 per unit. Each unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 18 months from the date of issuance.
The warrants will be subject to an acceleration clause: if the Company's common shares trade at or above $0.20 for 10 consecutive trading days on the TSX Venture Exchange, the Company may accelerate the expiry date of the warrants to 30 days following the date on which notice is provided to the holders.
Jeremy Yaseniuk, the CEO and a director of the Company, intends to subscribe for 350,000 Units under the Private Placement. The issuance of securities to a director and officer pursuant to the Private Placement is considered to be a "related party transaction" subject to the requirements of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As a result of the proposed purchase of these Units by Mr. Yaseniuk, the requirements under MI 61-101 for a formal valuation and minority shareholder approval are engaged. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements available under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that amount invested in the Private Placement by the related party will not exceed 25% of the Company's market capitalization.
Proceeds from the Private Placement will be used to advance the Company's exploration initiatives and for general working capital purposes. Closing of the Private Placement is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued will be subject to a four-month hold period in accordance with applicable securities laws.
On another matter, the issuance of 3,000,000 stock options at $0.15 as previously announced May 8, 2025 have been cancelled.
About CopAur
CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).
ON BEHALF OF THE BOARD OF COPAUR MINERALS INC. Jeremy Yaseniuk, Chief Executive Officer
For more information, please contact:
Jeremy Yaseniuk, Chief Executive Officer & Director Tel: +1 (604) 773-1467 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains forward-looking statements. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
To view the source version of this press release, please visit
FAQ
What is the total value of CopAur Minerals' (COPAF) private placement after the increase?
The total value is $590,500, consisting of the previously closed $505,500 financing plus the new $85,000 private placement.
What are the terms of CopAur Minerals' warrant acceleration clause?
If CopAur's shares trade at or above $0.20 for 10 consecutive trading days on TSX Venture Exchange, the company can accelerate warrant expiry to 30 days after notice to holders.
How many units is CopAur Minerals' CEO Jeremy Yaseniuk purchasing in the private placement?
CEO Jeremy Yaseniuk intends to subscribe for 350,000 units in the private placement.
What happened to the 3,000,000 stock options announced by CopAur Minerals on May 8, 2025?
The previously announced 3,000,000 stock options at $0.15 have been cancelled.
What is the price per unit in CopAur Minerals' private placement and what does each unit include?
Each unit is priced at $0.10 and includes one common share plus one-half of one common share purchase warrant.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
