CopAur Minerals Receives $1,000,000 in Cash and Three Million Shares of Omega Pacific Minerals Inc.

Rhea-AI Summary

CopAur Minerals Inc. announces the closing of the first tranche of financing and share issuance with Omega Pacific Minerals Inc., receiving $1,000,000 in cash and three million shares. The agreement allows Omega to earn a 51% interest in the Williams property by meeting certain conditions.

Vancouver, British Columbia--(Newsfile Corp. - April 24, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX:COPAF) ("CopAur" or the "Company") Copaur Minerals Inc. is very pleased to announce the closing of the first tranche of financing and share issuance, as disclosed in the News Announcement March 1, 2024. This is a three phase option agreement whereby Omega (cse-omga) can earn a 100% of the Williams property.

Under the first option, Omega can earn a 51-per-cent interest in the Williams property by paying to Copaur $1-million in cash, (received) and issuing three million shares to Copaur (received) upon Canadian Securities Exchange approval of the option agreement and incurring $3-million in exploration expenditures on or before the first-year anniversary of the option agreement.

CEO, Jeremy Yaseniuk stated, "This is in the interest of both companies and allows CopAur to concentrate on our Nevada properties without incurring dilution at this level of financing."

About CopAur

CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions; the flagship being Kinsley Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and the Williams Project that points to significant gold-copper potential within the prolific Toodogoone region of northern British Columbia, Canada. CPAU remains dedicated to delivering substantial growth and value creation for our shareholders through strategic asset development and management. We look forward to the opportunities that lie ahead and will continue to provide updates on our progress.

Qualified Person

The scientific and technical information contained in this news release regarding Copaur Minerals Inc. has been reviewed and approved by Kristopher J. Raffle, P.Geo. (British Columbia), principal and consultant, of Apex Geoscience Ltd. of Edmonton, Alta., and a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

For more information, please contact:

CopAur Minerals Inc.

Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains forward-looking statements. These statements relate to future events or the Company's future performance including obtaining the necessary regulatory approvals for and completion of an option agreement on the Williams property with Omega Pacific Resources Inc. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements including if Omega Pacific will be able to raise sufficient funding to exercise the options on the Williams Property or if it will exercise any of the options granted under the option agreement. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/206679

FAQ

What is the significance of CopAur Minerals Inc. receiving $1,000,000 in cash and three million shares?

CopAur Minerals Inc. has closed the first tranche of financing and share issuance with Omega Pacific Minerals Inc., enabling Omega to earn a 51% interest in the Williams property.

What are the terms of the agreement between CopAur Minerals Inc. and Omega Pacific Minerals Inc.?

Under the agreement, Omega can earn a 51% interest in the Williams property by paying $1 million in cash, issuing three million shares to CopAur, and incurring $3 million in exploration expenditures within the first year.

Who is the CEO of CopAur Minerals Inc. and what is their statement regarding the agreement?

Jeremy Yaseniuk is the CEO of CopAur Minerals Inc. He mentioned that the agreement benefits both companies and allows CopAur to focus on their Nevada properties without facing dilution.