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Stone Gold Inc. ( (TSE:CRD) ) has shared an update.
Copper Road Resources Inc. has closed an oversubscribed non-brokered private placement, issuing 5,656,522 flow-through shares at $0.115 each for gross proceeds of $650,500. The financing underscores investor interest in the company’s Ontario exploration portfolio, particularly the Ben Nevis Project, and modest insider participation triggered related-party rules without requiring a formal valuation.
Proceeds will be directed toward qualifying Canadian exploration expenses that meet flow-through critical mineral criteria, to be renounced to investors for tax purposes. The offering remains subject to final TSX Venture Exchange approval and includes cash commissions and finder warrants, with all issued securities subject to a standard four-month-plus-one-day hold period under applicable securities laws.
More about Stone Gold Inc.
Copper Road Resources Inc. is a Toronto-based mineral exploration company listed on the TSX Venture Exchange under the symbol CRD. The company focuses on exploring copper and other critical minerals at its Ben Nevis Project and additional properties in Ontario, targeting Canadian critical mineral opportunities.
Average Trading Volume: 172,166
Technical Sentiment Signal: Buy
Current Market Cap: C$9.66M
Learn more about CRD stock on TipRanks’ Stock Analysis page.