CopAur Minerals Announces $85,000 Non-Brokered Private Placement Increasing Previously Closed Financing $505,500 Private Placement

Rhea-AI Summary

CopAur Minerals has announced a non-brokered private placement to raise $85,000, increasing their previously closed financing from $505,500 to $590,500 total. The placement consists of 850,000 units priced at $0.10 each, with each unit including one common share and half a warrant. Each whole warrant allows purchase of an additional share at $0.15 for 18 months, subject to acceleration if shares trade at $0.20 for 10 consecutive days. CEO Jeremy Yaseniuk plans to subscribe for 350,000 units, triggering related party transaction requirements. The company will use proceeds for exploration initiatives and working capital. Additionally, previously announced 3,000,000 stock options at $0.15 have been cancelled.

Positive

• Secured additional $85,000 in financing through private placement
• CEO demonstrates confidence by personally subscribing for 350,000 units
• Warrant acceleration clause provides upside potential if stock performs well

Negative

• Relatively small financing amount of $85,000 may indicate limited growth plans
• Cancellation of 3,000,000 previously announced stock options could signal change in compensation strategy
• Dilutive effect on existing shareholders

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company") is pleased to announce that it has arranged a non-brokered private placement financing for gross proceeds of $85,000 (the "Private Placement") increase to the $505,500 previously closed financing to $590,500.

The Private Placement will consist of 850,000 units at a price of $0.10 per unit. Each unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 18 months from the date of issuance.

The warrants will be subject to an acceleration clause: if the Company's common shares trade at or above $0.20 for 10 consecutive trading days on the TSX Venture Exchange, the Company may accelerate the expiry date of the warrants to 30 days following the date on which notice is provided to the holders.

Jeremy Yaseniuk, the CEO and a director of the Company, intends to subscribe for 350,000 Units under the Private Placement. The issuance of securities to a director and officer pursuant to the Private Placement is considered to be a "related party transaction" subject to the requirements of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As a result of the proposed purchase of these Units by Mr. Yaseniuk, the requirements under MI 61-101 for a formal valuation and minority shareholder approval are engaged. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements available under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that amount invested in the Private Placement by the related party will not exceed 25% of the Company's market capitalization.

Proceeds from the Private Placement will be used to advance the Company's exploration initiatives and for general working capital purposes. Closing of the Private Placement is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued will be subject to a four-month hold period in accordance with applicable securities laws.

On another matter, the issuance of 3,000,000 stock options at $0.15 as previously announced May 8, 2025 have been cancelled.

About CopAur

CopAur is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada. The Company is backed by a dynamic and experienced team of resource professionals advancing its projects in Nevada with the flagship project being Kinsley Mountain Gold Project, a Carlin-style project located 90 kilometres south of the Long Canyon mine (currently in production under the Newmont/Barrick joint venture, Nevada Gold Mines).

ON BEHALF OF THE BOARD OF COPAUR MINERALS INC.
Jeremy Yaseniuk, Chief Executive Officer

For more information, please contact:

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com

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 news release.

Forward-Looking Information

This news release contains forward-looking statements. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255007

FAQ

What is the total value of CopAur Minerals' (COPAF) private placement after the increase?

The total value is $590,500, consisting of the previously closed $505,500 financing plus the new $85,000 private placement.

What are the terms of CopAur Minerals' warrant acceleration clause?

If CopAur's shares trade at or above $0.20 for 10 consecutive trading days on TSX Venture Exchange, the company can accelerate warrant expiry to 30 days after notice to holders.

How many units is CopAur Minerals' CEO Jeremy Yaseniuk purchasing in the private placement?

CEO Jeremy Yaseniuk intends to subscribe for 350,000 units in the private placement.

What happened to the 3,000,000 stock options announced by CopAur Minerals on May 8, 2025?

The previously announced 3,000,000 stock options at $0.15 have been cancelled.

What is the price per unit in CopAur Minerals' private placement and what does each unit include?

Each unit is priced at $0.10 and includes one common share plus one-half of one common share purchase warrant.