Royal Road Minerals Ltd. (TSX Venture: RYR; OTCQB: RRDMF; Frankfurt: RLU) announced the closing of a C$1 million non-brokered private placement on Monday, issuing 5 million ordinary shares at C$0.20 per share.
The offering was completed under the same terms as a brokered private placement the company closed on July 28, 2026. Royal Road said the additional placement was pursued to accommodate an existing institutional shareholder that sought to increase its position amid investor demand.
All securities issued are subject to a four-month-plus-one-day hold period under applicable securities legislation. The Jersey Financial Services Commission granted consent for the issuance under Article 2 of the Control of Borrowing (Jersey) Order 1958.
The company stated that proceeds will be used to expand drilling programs across its properties in Colombia and for general working-capital purposes. Royal Road Minerals is a mineral exploration and development company based in Jersey, Channel Islands, with active exploration programs in Colombia and Saudi Arabia.
