Royal Road Minerals announces C$1M private placement

Royal Road Minerals Limited (TSXV: RYR) announced a non-brokered private placement of 5,000,000 ordinary shares at C$0.20 per share, raising gross proceeds of C$1,000,000 from an existing institutional shareholder.

According to the company's press release, the offering is being completed on the same terms as a brokered private placement the company closed on July 28, 2026. The company cited additional investor demand as the reason for proceeding with the new offering.

Closing of the offering is subject to approval from the TSX Venture Exchange and other regulatory bodies. Securities issued will be subject to a hold period of four months plus one day from the date of issuance.

The company stated that proceeds will be used to expand drilling programs across its properties in Colombia and for general and working capital purposes.

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