Royal Road Minerals Limited has completed a non-brokered private placement, raising gross proceeds of C$1 million through the issuance of 5 million ordinary shares at C$0.20 per share to an existing institutional shareholder.
The transaction follows a brokered financing completed on July 28, 2026, conducted under identical terms and conditions. Proceeds will be allocated to expand drilling programs at the company’s properties in Colombia and to cover general working capital requirements.
The placement remains subject to approval from the TSX Venture Exchange and other regulatory bodies. Issued securities are subject to a four-month and one-day hold period from the issue date, and the shares have not been registered under the U.S. Securities Act of 1933.
Royal Road, headquartered in Jersey, Channel Islands, maintains operations in Colombia and Saudi Arabia. The company’s shares are listed on the TSX Venture Exchange (TSXV: RYR), OTCQB (RRDMF), and the Frankfurt Stock Exchange (RLU).
