CopAur Minerals Closes Oversubscribed $3,281,420 Non-Brokered Private Placement

Rhea-AI Summary

CopAur Minerals (TSXV: COPAF) closed an oversubscribed non-brokered private placement on November 19, 2025 for gross proceeds of $3,281,420.

The financing issued 32,814,200 Units at $0.10 per Unit; each Unit includes one common share and one-half warrant. Each whole warrant allows purchase of one share at $0.20 for 24 months, with an expiry-acceleration if shares trade at or above $0.30 for 10 consecutive trading days. Securities are subject to a four months plus one day hold period.

Finder fees of $6,000 cash and 24,000 finder warrants were paid. Insiders bought 1,500,000 Units (4.6% of the raise). Proceeds target Kinsley Mountain and Troy Canyon Nevada programs and general working capital.

Positive

• Gross proceeds of $3,281,420
• Issued 32,814,200 Units at $0.10 per Unit
• Proceeds allocated to Kinsley Mountain and Troy Canyon Nevada projects
• Insiders subscribed 1,500,000 Units (4.6% of raise)

Negative

• Potential dilution from 32,814,200 newly issued Units
• Related-party participation by insiders requires disclosure despite MI 61-101 exemption

News Market Reaction

+11.85%

1 alert

+11.85% News Effect

On the day this news was published, COPAF gained 11.85%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company") announces that it has closed a non-brokered private placement financing for gross proceeds of $3,281,420 (the "Private Placement").

The Private Placement consists of 32,814,200 units of the Company ("Units") to be issued at a price of $0.10 per Unit. Each Unit will be comprised one common share of the Company and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share at a price of $0.20 for a period of 24 months from the date of issuance. The warrants will be subject to an expiry acceleration provision that provides the Company's common shares trade on the TSX Venture Exchange at or above $0.30 for a period of 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants to 30 days following the date an expiry acceleration notice is provided to the holders.

All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus a day after the date of issuance. Finder fees of $6,000 cash and 24,000 non-transferable finder warrants at $0.20 for a period of two years were paid.

In connection with the Private Placement, certain management who are insiders of the Company (the "Insiders"), acquired 1,500,000 Units, representing 4.6% of the Units sold under the Private Placement. Participation by the Insiders in the Private Placement was considered a "related party transaction" pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders' participation in the Private Placement pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Units to be issued to, nor the consideration paid by the Insiders exceeded 25% of the Company's market capitalization.

Proceeds raised will be used toward expenditures required to advance the development program on the Kinsley Mountain gold property in Nevada, securing the necessary permits to commence preliminary exploration work on the Troy Canyon property, also in Nevada, and general working capital purposes.

"CopAur announced the private placement on October 23^rd, and I am thrilled we are able to announce the closure less than one month later. In that time, we have been able to attract rock-solid long-term investors, with four entities accounting for ~84% of the raise. This is a testament to the quality of the projects CopAur has under development, and the capabilities of the team the company has assembled to advance these projects. We believe this puts CopAur squarely on the path to becoming a gold mine developer in the near future," commented Andrew Neale, CEO.

About CopAur

CopAur is a mine development company focused on 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.
Andrew Neale, Chief Executive Officer

For more information, please contact:

Andrew Neale, Chief Executive Officer
Email: ir@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/275109

FAQ

How much did CopAur (COPAF) raise in the November 19, 2025 private placement?

CopAur raised $3,281,420 via a non-brokered private placement closed November 19, 2025.

What were the terms of the Units issued by CopAur (COPAF)?

The placement issued 32,814,200 Units at $0.10 per Unit; each Unit includes one share and one-half warrant.

What are the warrant terms in the CopAur (COPAF) financing?

Each whole warrant is exercisable at $0.20 for 24 months, with possible acceleration if shares trade ≥$0.30 for 10 consecutive trading days.

How will CopAur (COPAF) use the $3.28M in proceeds?

Proceeds will fund development at Kinsley Mountain, permit and preliminary exploration at Troy Canyon, and general working capital.

Did company insiders participate in the CopAur (COPAF) placement?

Yes; certain insiders acquired 1,500,000 Units, representing 4.6% of Units sold.

When will securities from the CopAur (COPAF) placement be tradable?

All securities are subject to a hold period expiring four months plus one day after issuance.