Copper Road Announces Shares for Debt Transaction
2024年3月15日 - 10:42PM
Copper Road Resources Inc. (TSXV: CRD)
(“
Copper Road” or the “
Company”)
is pleased to announce that it has negotiated the settlement of
$190,068.25 related to accounts payable for professional services
in consideration for the issuance of 3,801,365 common shares of the
Company at a deemed price of $0.05 per common share. The debt
settlement is subject to receipt of all required regulatory
approvals, including the approval of the TSXV. The common shares to
be issued pursuant to the debt settlement will be subject to a
statutory hold period which will expire four months and one day
from the date of closing of the debt settlement.
About Copper Road
Resources
Copper Road Resources (TSXV: CRD) is a Canadian
based explorer engaged in the acquisition, exploration and
evaluation of properties for the mining of precious and base
metals. The Company is exploring for large copper/gold deposits on
the 24,000-hectare Batchewana Bay Project, 80 km north of Sault St.
Marie, Ontario, Canada.
For more information, please
contact:
Mark Goodman, Chairman Cellular: 416.324.9613
Email: mgoodman@libralithium.com Web: www.copperroad.ca
Cautionary Statement Regarding
Forward-Looking Information
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. Various
assumptions or factors are typically applied in drawing conclusions
or making the forecasts or projections set out in forward-looking
information. Those assumptions and factors are based on information
currently available to the Company.
While the Company considers these assumptions to
be reasonable based on information currently available to them,
they may prove to be incorrect. Forward looking information
involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. Such factors include risks inherent in the exploration
and development of mineral deposits, including risks relating to
changes in project parameters as plans continue to be redefined,
risks relating to variations in grade or recovery rates, risks
relating to changes in mineral prices and the worldwide demand for
and supply of minerals, risks related to increased competition and
current global financial conditions, access and supply risks,
reliance on key personnel, operational risks regulatory risks,
including risks relating to the acquisition of the necessary
licenses and permits, financing, capitalization and liquidity
risks, title and environmental risks and risks relating to the
failure to receive all requisite shareholder and regulatory
approvals.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
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