On July 27, 2023, Copper Road Resources Inc. closed the transaction. The company issued 71,426 units at a price of CAD 0.07 per unit and 5,642,858 flow-through units at a price of CAD 0.07 per flow-through unit, for aggregate gross proceeds of approximately CAD 400,000. Each unit was comprised of one common share and one half of one common share purchase warrant.

Each flow-through unit was comprised of one common share and one half of one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.15 for a period of 36 months the closing date of the offering. The company also paid cash fees and issued finder warrants to certain eligible finders equal to 7.0% of the aggregate gross proceeds raised, and 7.0% of the aggregate number of units and flow-through units sold, by such finders pursuant to the offering.

Each finder's warrant will entitle its holder to purchase one common share at an exercise price of CAD 0.15 for a period of 36 months following the closing date of the transaction. The company has paid $24,152.65 finder fees.