Copland Road Capital Announces Closing of Oversubscribed Private Placement
Summary
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2023) - Copland Road Capital Corporation (CSE: CRCC) ("Copland Road" or the "Company") is pleased to announce it has completed a non-brokered private placement financing (the "Offering") through the issuance of 2,713,500 common shares (the "Common Shares") in the capital of the Company at a price of $0.25 per Common Share for gross proceeds of $678,375.The gross proceeds raised from the Offering will be used for working capital and general corporate purposes. As a result of participating in the Offering, Mr. Kellys holdings increased to approximately 10.45% of the Companys issued and outstanding Common Shares on a non-diluted basis and approximately 10.75% of the Companys issued and outstanding Common Shares on a partially basis. A copy of the early warning report will be available on the Companys issuer profile on SEDAR at www.sedar.com.Copland Road is a Canadian investment firm that invests in assets across multiple industries, with the aim of creating tangible value for its shareholders.For more information, please visit https://copland-road.comThis news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Additional information regarding the material factors and assumptions that were applied in making these forward-looking statements as well as the various risks and uncertainties are described in greater detail in the "Risk Factors" section of the annual Managements Discussion and Analysis of the Company and other continuous disclosure documents and financial statements under its profile available at www.sedar.com. The Company relies on litigation protection for forward-looking statements.Neither the Canadian Securities Purchase nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Purchase) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152691