CopAur Minerals Inc. (TSXV: CPAU) has announced an increase to its previously disclosed private placement, raising the gross proceeds target to up to $5,000,000 while reducing the unit price to $0.10. The revised financing will issue up to 50,000,000 units, each comprising one common share and one-half share purchase warrant, subject to TSX Venture Exchange acceptance. The company cited strong investor interest and broader weakness in junior mining markets as drivers behind the revised terms, with proceeds earmarked for advancing its Nevada gold properties.

Key Points

  • CopAur Minerals Inc. (TSXV: CPAU) is a Nevada-focused gold development company
  • The private placement has been upsized to up to $5,000,000 at $0.10 per unit, down from previous pricing
  • Each unit includes one common share and one-half warrant exercisable at $0.20 for two years; warrants may be accelerated if the share price exceeds $0.30 over 10 consecutive trading days beginning four months post-issuance
  • Investors will be watching for TSX Venture Exchange acceptance and deployment of funds toward Kinsley Mountain permitting

Revised Private Placement Terms and Warrant Structure

Under the updated financing, CopAur will issue up to 50,000,000 units at $0.10 each. Every unit consists of one common share and one-half share purchase warrant, meaning two units are required to obtain one whole warrant. Each whole warrant entitles the holder to acquire one additional common share at $0.20 for a period of two years from issuance. An acceleration provision allows the company to shorten the warrant expiry period if the share price trades above $0.30 for 10 consecutive trading days, commencing four months from issuance, with written notice required within 30 days of that event.

Proceeds Directed Toward Kinsley Mountain and Troy Canyon Permitting

The release states that funds will be allocated to advance permitting at the Kinsley Mountain gold property in Nevada, secure permits to commence preliminary exploration at the Troy Canyon property, also in Nevada, and support general working capital. Kinsley Mountain hosts current mineral resources of 742,000 Indicated ounces at 1.11 g/t gold and 69,000 Inferred ounces at 1.98 g/t gold, including 384,000 Indicated ounces at 5.32 g/t gold within the high-grade Secret Canyon zone, as outlined in a recently released NI 43-101 compliant Preliminary Economic Assessment.

Insider Participation and Securities Hold Period

CopAur disclosed that insiders may participate in the private placement. All securities issued under the financing will be subject to a four-month hold period in accordance with applicable securities laws. The company may also pay finders' fees consistent with TSX Venture Exchange rules and policies. The scientific and technical content in the announcement was reviewed and approved by Kristopher J. Raffle, P.Geo., Principal and Consultant of APEX Geoscience Ltd., acting as the Qualified Person under National Instrument 43-101.