Source: CopAur Minerals Inc.
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  • CopAur Minerals (CPAU) has closed the final tranche of a non-brokered private placement for total gross proceeds of $1,768,500
  • Under the second tranche, the company issued 325,000 units at a price of $0.50 per unit for gross proceeds of $162,500
  • The net proceeds will be used for future exploration work and for general working capital
  • CopAur Minerals is engaged in the acquisition, exploration, and development of mineral properties in Canada
  • Copaur Minerals Inc. (CPAU) opened trading at C$0.45

CopAur Minerals (CPAU) has closed the final tranche of a non-brokered private placement for total gross proceeds of $1,768,500.

Under the second tranche, the company issued 325,000 units at a price of $0.50 per unit for gross proceeds of $162,500. Each unit was priced at $0.50 and consists of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.75 per share for a period of twenty-four months.

Under the two tranches, the company issued a combined total of 3,537,000 units.

CopAur paid a cash finder’s fee of $99,680 and issued 195,760 non-transferable finder warrants.

The net proceeds will be used for future exploration work and for general working capital.

All securities issued are subject to a statutory four-month hold period.

CopAur Minerals is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia.

Copaur Minerals Inc. (CPAU) opened trading at C$0.45.


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