Royal Road Minerals closes $7.31 million private placement at $0.20 per share

Reuters2026/07/28 13:29

By:Reuters

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Royal Road Minerals closed a brokered private placement under the Listed Issuer Financing Exemption, issuing 36,525,000 shares at CAD 0.2.
Gross proceeds totaled CAD 7.31 million.
Net proceeds earmarked for exploration in the Guintär-Alemán-Margaritas district in Colombia, including drilling, with the balance for corporate purposes.
SCP Resource Finance LP, Raymond James, Stifel Nicolaus Canada acted as agents; cash fees totaled CAD 355,300.
Insiders bought 10,250,000 shares; the shares are not subject to a statutory hold period under Canadian securities laws.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Royal Road Minerals Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607280928NEWSFILECNPR____20260728_306913_1) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Royal Road Minerals closes $7.31 million private placement at $0.20 per share

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