Royal Road Minerals closes C$1M private placement on TSX Venture

Royal Road Minerals Limited (TSXV: RYR) has completed a non-brokered private placement, issuing 5,000,000 ordinary shares at C$0.20 per share for gross proceeds of C$1,000,000, according to a press release.

The offering was completed on the same terms as a brokered private placement the company finished on July 28, 2026. The company said the additional offering was pursued to accommodate demand from an existing institutional shareholder.

Securities issued under the placement are subject to a hold period of four months plus one day from the date of issuance. The company said proceeds will be used to expand drilling programs across its properties in Colombia and for general and working capital purposes.

Royal Road Minerals is a mineral exploration and development company headquartered in Jersey, Channel Islands. In addition to the TSX Venture Exchange, the company's shares trade on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The company currently has exploration operations in Colombia and Saudi Arabia.

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