CopAur Minerals (TSE:CPAU) has released an update.
CopAur Minerals Inc. has secured a $1 million loan with a 12% annual interest rate and a six-month term, which will be used for working capital and to fund the acquisition of Nevada Sunrise’s stake in the Kinsley Mountain Gold Project. Alongside this loan, the lender will receive 2.5 million share purchase warrants, with the potential for an accelerated exercise if the company’s share price exceeds $0.45 for five consecutive days.
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