CopAur Minerals Inc. announced that further to the company's news release May 14, 2021 the company closed the non-brokered private placement consisting of 5,383,000 units ("Unit") at a price of $0.75 per Unit to raise gross proceeds of $4,037,250.25. The lead orders came from Crescat Portfolio Management LLC and Phoenix Gold Fund Limited. The Unit will consist of 5,383,000 Units of the Company at a price of $0.75 and one-half of one common share purchase warrant ("Warrant"). Each full Warrant will entitle the holder thereof to purchase one common share of the company for a two-year exercise period at a price of $1.25 per share. 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. Insiders participated in the private placement of the offering taking 1,423,334 Units. A portion of the Private Placement constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The company intends to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(b) and 5.7(e) of MI 61-101 on the basis that the company is not listed on any specified senior stock exchanges and that the company is facing financial hardship and the transactions are designed to improve the company's financial position.