Royal Road Minerals Limited raised C$1 million through a non-brokered private placement, issuing 5 million ordinary shares at C$0.20 per share to an existing institutional shareholder.
The proceeds will fund expanded drilling programs at the company’s properties in Colombia and support general working capital requirements. The financing follows a brokered placement completed on July 28, 2026, on identical terms to meet additional investor demand.
Regulatory approval is required from the TSX Venture Exchange and other relevant bodies before the transaction can proceed. The issued securities will be subject to a four-month-plus-one-day hold period from the issuance date. The Jersey Financial Services Commission granted consent under Article 2 of the Control of Borrowing (Jersey) Order 1958.
Royal Road Minerals, headquartered in Jersey, Channel Islands, operates and explores assets in Colombia and Saudi Arabia. Its shares are listed on the TSX Venture Exchange under the ticker RYR, the OTCQB under RRDMF, and the Frankfurt Stock Exchange under RLU. The securities issued in this placement are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an applicable exemption.
