- 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.
