CopAur Minerals Inc. (TSXV: CPAU) announced the closing of the first tranche of its non-brokered private placement on November 12, 2026, raising aggregate gross proceeds of C$4,213,940. The offering issued 42,139,400 units at C$0.10 each, with proceeds directed toward permitting and exploration at the company's Kinsley Mountain and Troy Canyon properties in Nevada. The company also disclosed that an additional subscription agreement has been received, with total proceeds expected to reach C$5,413,940 upon completion of the offering by November 25, 2026.

Key Points

  • CopAur Minerals Inc. (TSXV: CPAU) closed the first tranche of its non-brokered private placement on November 12, 2026
  • 42,139,400 units were issued at C$0.10 per unit, each consisting of one common share and one-half share purchase warrant
  • Warrants are exercisable at C$0.20 per share for two years, subject to an acceleration clause if the share price exceeds C$0.30 for 10 consecutive trading days after four months from issuance
  • Investors may watch for the company's anticipated second closing announcement before November 25, 2026

Unit Structure and Warrant Acceleration Terms for the CPAU Offering

Each unit issued under the offering consists of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at C$0.20 for a period of two years from issuance. The warrants carry an acceleration provision: if the company's share price exceeds C$0.30 over 10 consecutive trading days beginning four months from issuance, CopAur may provide written notice within 30 days requiring holders to exercise their warrants or face accelerated expiry. All securities issued are subject to a four-month statutory hold period.

Nevada Property Permitting and Exploration to Receive Placement Proceeds

The release states that proceeds will be allocated toward permitting expenditures for the Kinsley Mountain gold property in Nevada, securing permits for preliminary exploration work at the Troy Canyon property, also in Nevada, and general working capital. CopAur describes Kinsley Mountain as its flagship project — a Carlin-style sedimentary gold system located approximately 80 km south of West Wendover, Nevada. The company paid cash finders' fees of C$3,780 in connection with the closing.

Insider Participation and Related-Party Transaction Disclosure

Insiders of CopAur acquired 9,000,000 units under the offering, representing 14.76% of units sold. The company characterised insider participation as a related-party transaction under Multilateral Instrument 61-101. CopAur stated it was exempt from obtaining a formal valuation or minority shareholder approval, as neither the fair market value of units issued to insiders nor the consideration paid exceeded 25% of the company's market capitalisation under subsections 5.5(a) and 5.7(1)(a) of MI 61-101.

Anticipated Second Closing Expected to Push Total Proceeds to C$5,413,940

The company disclosed it had received a completed subscription agreement for which funds had not yet been received as of the first closing. CopAur stated it fully expects to receive these funds, with a further press release to follow upon receipt. If completed, total offering proceeds would reach C$5,413,940, meaning the offering would close oversubscribed. The company indicated it expects to complete the offering by November 25, 2026, subject to TSX Venture Exchange acceptance.