Vancouver, British Columbia–(Newsfile Corp. – February 18, 2022) – CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) (the “Company”) announces a non-brokered private placement offering of up to 5,000,000 units (“Units”) at a price of CDN$1.00 per Unit to raise gross proceeds of CDN$5,000,000.
Each Unit is comprised of one common share, and one-half of one share purchase warrant. (“Warrant”). Each whole Warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of CDN$1.30 per share for a period of two years from the closing date of the private placement. Insiders may participate in the private placement.
In conjunction with this financing, the Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies.
This financing is subject to TSX Venture Exchange approval.
The proceeds of the private placement will be used for future exploration work and for general working capital purposes.
About CopAur Minerals Inc.
CPAU 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. (TSXV: BNCH) on its Advisory Board. The Williams project represents exceptional shareholder value with significant gold and copper potential.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
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CopAur Minerals Inc.
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 release. This news release contains forward-looking statements. These statements relate to future events or Company’s future performance. 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.