{"success":true,"data":{"pressRelease":{"id":"121016","rtpr_id":"nNFC3pTR4w","ticker":"CPL","exchange":"","all_tickers":["CPL"],"title":"Copper Lake Announces C$1.0 Million Secured Debenture Financing","author":"Newsfile Corp","published_at":"2026-08-17T20:47:39.509Z","article_body":"Toronto, Ontario--(Newsfile Corp. - August 17, 2026) - Copper Lake Resources\nLtd. (TSXV: CPL) (FSE: W0I0) (\"Copper Lake\" or the \"Company\") is pleased to\nannounce the closing of an offering (the \"Offering\") of units of the Company\nfor aggregate gross proceeds of $1,000,000, with each unit (a \"Unit\") having a\nprice of $1,000 per Unit and consisting of: (i) one secured, non-convertible\ndebenture in the principal amount of $1,000 (a summary of the terms and\nconditions described below, each a \"Debenture\") and (ii) such number of common\nshare purchase warrants (the \"Warrants\") as is equal to the aggregate\nprincipal amount of such purchaser's Debentures divided by $0.19, being the\nMarket Price (as defined in the policies of the TSXV) of the Common Shares\nimmediately prior to the announcement of the Offering. A total of 5,263,156\nwarrants will be issued in connection with the Debenture. Each Warrant will be\nnon-transferable and entitle the holder thereof to purchase one (1) common\nshare of the Company (each, a \"Common Share\") at an exercise price of $0.19\nper Common Share for a period of 12 months from the date of issuance, subject\nto customary adjustment provisions and the policies of the TSX Venture\nExchange (the \"TSXV\").\n\nThe Debentures will bear interest at 15% per annum and mature twelve (12)\nmonths from the date of issuance. The Debentures are non-convertible and will\nconstitute direct secured obligations of the Company, ranking pari passu with\nall the Debentures issued pursuant to the Offering and will be secured by a\ngeneral security interest over substantially all of the assets of the Company,\nsubject to applicable law and regulatory approvals.\n\nThe Warrants associated with each Unit are deemed to be bonus warrants under\nTSXV Policy 5.1.\n\nAn Insider of the Company has purchased a $250,000 principal amount of\nDebentures under the Offering. Participation by the insider constitutes a\nrelated party transaction as defined under Multilateral Instrument 61-101 -\nProtection of Minority Security Holders in Special Transactions (\"MI 61-101\").\nThe Company is relying on the exemptions from the valuation and minority\nshareholder approval requirements of MI 61-101 contained in sections 5.5(a)\nand 5.7(1)(a) of MI 61-101, as the fair market value of the participation in\nthe Offering by this insider does not exceed 25% of the market capitalization\nof the Company, as determined in accordance with MI 61-101.\n\nThe Company intends to use the net proceeds to advance exploration at its\nMarshall Lake project, strengthen working capital, satisfy certain outstanding\nobligations and for general corporate purposes.\n\nThe Debentures and the Warrants (and the Common Shares issuable upon the\nexercise of the Warrants (if any)) are subject to a four month and one day\nresale restriction from the date of issuance of the Debentures pursuant to\napplicable Canadian securities laws and the policies of the TSXV.\n\nThe Offering is subject to receipt of final approval by the TSXV.\n\nAutomated Market Making Services\n\nOn June 18, 2026 the Company announced the engagement of ICP Securities Inc.\nto provide automated market making services, including use of its proprietary\nalgorithm, ICP Premium® in compliance with the policies and guidelines of the\nTSX Venture Exchange and other applicable legislation.\n\nICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in\nautomated market making and liquidity provision, as well as having a\nproprietary market making algorithm, ICP Premium™, that enhances liquidity\nand quote health. Established in 2023, with a focus on market structure,\nexecution, and trading, ICP has leveraged its own proprietary technology to\ndeliver high quality liquidity provision and execution services to a broad\narray of public issuers and institutional investors.\n\nICP is an arm's length party to the Company. ICP's market making activity will\nbe primarily to correct temporary imbalances in the supply and demand of the\nCompany's shares. ICP will be responsible for the costs it incurs in buying\nand selling the Company's shares, and no third party will be providing funds\nor securities for the market making activities.\n\nON BEHALF OF THE BOARD OF COPPER LAKE RESOURCES LTD.\n\nTerry MacDonald, Chief Executive Officer\nPhone: 416-561-3626\n\nhttps://www.copperlakeresources.com\n\nABOUT COPPER LAKE RESOURCES\n\nCopper Lake Resources Ltd. is a publicly traded Canadian mineral exploration\nand development company with interests in two projects both located in\nOntario.\n\nThe Marshall Lake high-grade VMS copper, zinc, silver and gold project,\ncomprises an area of approximately 220 square km located 120 km north of\nGeraldton, Ontario and is just 22 km north of the main CNR rail line. Copper\nLake has an 82.97% interest in the joint ventured property, which consists of\n233 claims and 52 mining leases. The project also includes 148 claim cells\nstaked in 2018 and 2020 that are 100% owned and not subject to any royalties.\nThese newer claims add approximately 30 square km to the property.\n\nIn addition to the original Marshall Lake property above, Marshall Lake also\nincludes the Sollas Lake and Summit Lake properties, which are 100% owned by\nthe Company and are not subject to any royalties. The Sollas Lake property\nconsists of 20 claim cells comprising an area of 4 square km on the east side\nof the Marshall Lake property where historical EM airborne geophysical surveys\nhave outlined strong conductors on the property hosted within the same\nfavorable felsic volcanic units. The Summit Lake property currently consists\nof 100 claim cells comprising an area of 20.5 square km, is accessible\nyear-round, and is located immediately west of the original Marshall Lake\nproperty. The Marshall Lake project is located in the traditional territories\nof Aroland and Animbiigoo Zaagi'igan Anishinaabek (\"AZA\") First Nations.\n\nCopper Lake has a 69.79% joint venture interest in the Norton Lake nickel,\ncopper, cobalt, and palladium PGM property, located in the southern Ring of\nFire area, is approximately 100 km north of the Marshall Lake Property. The\nCompany filed an updated NI 43-101 in October 2023 with a mineral resource of\nopen pit and underground Measured + Indicated Resources of 1,795,000 tonnes at\nan average grade of 0.72% NI, 0.69% Cu, 339 ppm Co, 0.52 g/t Pd, 0.17 g/t Pt\nand containing 28.3Mlbs of nickel and 27.3Mlbs of copper. The Norton Lake\nproperty is located in the traditional territories of Eabametoong (\"Fort\nHope\") and Neskantaga First Nations.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Statement on Forward-Looking Information\n\nThis press release includes \"forward-looking information\" that is subject to a\nnumber of assumptions, risks and uncertainties, many of which are beyond the\ncontrol of the Company. Investors are cautioned that any such statements are\nnot guarantees of future events and that actual events or developments may\ndiffer materially from those projected in the forward-looking statements. Such\nforward-looking statements represent management's best judgment based on\ninformation currently available. No securities regulatory authority has either\napproved or disapproved of the contents of this news release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/310074","article_body_html":"","raw_payload":{"data":{"id":"nNFC3pTR4w","title":"Copper Lake Announces C$1.0 Million Secured Debenture Financing","author":"Newsfile Corp","ticker":"CPL","created":"2026-08-17T20:47:39.509Z","tickers":["CPL"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - August 17, 2026) - Copper Lake Resources\nLtd. (TSXV: CPL) (FSE: W0I0) (\"Copper Lake\" or the \"Company\") is pleased to\nannounce the closing of an offering (the \"Offering\") of units of the Company\nfor aggregate gross proceeds of $1,000,000, with each unit (a \"Unit\") having a\nprice of $1,000 per Unit and consisting of: (i) one secured, non-convertible\ndebenture in the principal amount of $1,000 (a summary of the terms and\nconditions described below, each a \"Debenture\") and (ii) such number of common\nshare purchase warrants (the \"Warrants\") as is equal to the aggregate\nprincipal amount of such purchaser's Debentures divided by $0.19, being the\nMarket Price (as defined in the policies of the TSXV) of the Common Shares\nimmediately prior to the announcement of the Offering. A total of 5,263,156\nwarrants will be issued in connection with the Debenture. Each Warrant will be\nnon-transferable and entitle the holder thereof to purchase one (1) common\nshare of the Company (each, a \"Common Share\") at an exercise price of $0.19\nper Common Share for a period of 12 months from the date of issuance, subject\nto customary adjustment provisions and the policies of the TSX Venture\nExchange (the \"TSXV\").\n\nThe Debentures will bear interest at 15% per annum and mature twelve (12)\nmonths from the date of issuance. The Debentures are non-convertible and will\nconstitute direct secured obligations of the Company, ranking pari passu with\nall the Debentures issued pursuant to the Offering and will be secured by a\ngeneral security interest over substantially all of the assets of the Company,\nsubject to applicable law and regulatory approvals.\n\nThe Warrants associated with each Unit are deemed to be bonus warrants under\nTSXV Policy 5.1.\n\nAn Insider of the Company has purchased a $250,000 principal amount of\nDebentures under the Offering. Participation by the insider constitutes a\nrelated party transaction as defined under Multilateral Instrument 61-101 -\nProtection of Minority Security Holders in Special Transactions (\"MI 61-101\").\nThe Company is relying on the exemptions from the valuation and minority\nshareholder approval requirements of MI 61-101 contained in sections 5.5(a)\nand 5.7(1)(a) of MI 61-101, as the fair market value of the participation in\nthe Offering by this insider does not exceed 25% of the market capitalization\nof the Company, as determined in accordance with MI 61-101.\n\nThe Company intends to use the net proceeds to advance exploration at its\nMarshall Lake project, strengthen working capital, satisfy certain outstanding\nobligations and for general corporate purposes.\n\nThe Debentures and the Warrants (and the Common Shares issuable upon the\nexercise of the Warrants (if any)) are subject to a four month and one day\nresale restriction from the date of issuance of the Debentures pursuant to\napplicable Canadian securities laws and the policies of the TSXV.\n\nThe Offering is subject to receipt of final approval by the TSXV.\n\nAutomated Market Making Services\n\nOn June 18, 2026 the Company announced the engagement of ICP Securities Inc.\nto provide automated market making services, including use of its proprietary\nalgorithm, ICP Premium® in compliance with the policies and guidelines of the\nTSX Venture Exchange and other applicable legislation.\n\nICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in\nautomated market making and liquidity provision, as well as having a\nproprietary market making algorithm, ICP Premium™, that enhances liquidity\nand quote health. Established in 2023, with a focus on market structure,\nexecution, and trading, ICP has leveraged its own proprietary technology to\ndeliver high quality liquidity provision and execution services to a broad\narray of public issuers and institutional investors.\n\nICP is an arm's length party to the Company. ICP's market making activity will\nbe primarily to correct temporary imbalances in the supply and demand of the\nCompany's shares. ICP will be responsible for the costs it incurs in buying\nand selling the Company's shares, and no third party will be providing funds\nor securities for the market making activities.\n\nON BEHALF OF THE BOARD OF COPPER LAKE RESOURCES LTD.\n\nTerry MacDonald, Chief Executive Officer\nPhone: 416-561-3626\n\nhttps://www.copperlakeresources.com\n\nABOUT COPPER LAKE RESOURCES\n\nCopper Lake Resources Ltd. is a publicly traded Canadian mineral exploration\nand development company with interests in two projects both located in\nOntario.\n\nThe Marshall Lake high-grade VMS copper, zinc, silver and gold project,\ncomprises an area of approximately 220 square km located 120 km north of\nGeraldton, Ontario and is just 22 km north of the main CNR rail line. Copper\nLake has an 82.97% interest in the joint ventured property, which consists of\n233 claims and 52 mining leases. The project also includes 148 claim cells\nstaked in 2018 and 2020 that are 100% owned and not subject to any royalties.\nThese newer claims add approximately 30 square km to the property.\n\nIn addition to the original Marshall Lake property above, Marshall Lake also\nincludes the Sollas Lake and Summit Lake properties, which are 100% owned by\nthe Company and are not subject to any royalties. The Sollas Lake property\nconsists of 20 claim cells comprising an area of 4 square km on the east side\nof the Marshall Lake property where historical EM airborne geophysical surveys\nhave outlined strong conductors on the property hosted within the same\nfavorable felsic volcanic units. The Summit Lake property currently consists\nof 100 claim cells comprising an area of 20.5 square km, is accessible\nyear-round, and is located immediately west of the original Marshall Lake\nproperty. The Marshall Lake project is located in the traditional territories\nof Aroland and Animbiigoo Zaagi'igan Anishinaabek (\"AZA\") First Nations.\n\nCopper Lake has a 69.79% joint venture interest in the Norton Lake nickel,\ncopper, cobalt, and palladium PGM property, located in the southern Ring of\nFire area, is approximately 100 km north of the Marshall Lake Property. The\nCompany filed an updated NI 43-101 in October 2023 with a mineral resource of\nopen pit and underground Measured + Indicated Resources of 1,795,000 tonnes at\nan average grade of 0.72% NI, 0.69% Cu, 339 ppm Co, 0.52 g/t Pd, 0.17 g/t Pt\nand containing 28.3Mlbs of nickel and 27.3Mlbs of copper. The Norton Lake\nproperty is located in the traditional territories of Eabametoong (\"Fort\nHope\") and Neskantaga First Nations.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Statement on Forward-Looking Information\n\nThis press release includes \"forward-looking information\" that is subject to a\nnumber of assumptions, risks and uncertainties, many of which are beyond the\ncontrol of the Company. Investors are cautioned that any such statements are\nnot guarantees of future events and that actual events or developments may\ndiffer materially from those projected in the forward-looking statements. Such\nforward-looking statements represent management's best judgment based on\ninformation currently available. No securities regulatory authority has either\napproved or disapproved of the contents of this news release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/310074"},"type":"article","timestamp":"2026-08-17T20:47:39.584199761Z","server_sent_at_ms":1786999659584},"received_at":"2026-08-17T20:47:39.636Z","source_url":"https://www.newsfilecorp.com/release/310074"},"analysis":{"id":"110004","press_release_id":"121016","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["15% interest rate on debentures","Debentures secured by substantially all assets","Related party transaction (insider participation)"],"eventType":"debt_offering","narrative":"Copper Lake closed a C$1.0 million secured debenture offering consisting of 1,000 units priced at $1,000 each. Each unit includes a 15% non-convertible debenture maturing in 12 months and warrants to purchase common shares at $0.19.\n\nAn insider purchased $250,000 of the debentures as a related party transaction, utilizing exemptions from minority shareholder approval. Net proceeds are earmarked for advancing the Marshall Lake project and strengthening working capital.\n\nAdditionally, the company confirmed that ICP Securities Inc. has been engaged to provide automated market making services.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"High-interest secured financing funds exploration at Marshall Lake."},"keyFigures":{"dealValueUsd":1000000,"customDimensions":{"unit_price":1000,"interest_rate":"15%","units_offered":1000,"warrants_issued":5263156,"warrant_exercise_price":0.19,"insider_purchase_amount":250000}},"quotedText":"","namedEntities":{"people":[{"name":"Terry MacDonald","role":"Chief Executive Officer"}],"products":["Marshall Lake project","Norton Lake property","ICP Premium®"],"companies":[{"name":"Copper Lake Resources Ltd.","ticker":"CPL"},{"name":"ICP Securities Inc.","relationship":"market maker"}],"dollarAmounts":[{"amount":"$1,000,000","context":"aggregate gross proceeds of the Offering"},{"amount":"$1,000","context":"price per Unit"},{"amount":"$0.19","context":"Warrant exercise price / Market Price"},{"amount":"$250,000","context":"principal amount of Debentures purchased by an Insider"}]},"materialImpact":{"score":3,"reasoning":"C$1.0M secured debenture financing provides necessary working capital and exploration funding, though the 15% interest rate indicates a high cost of capital typical for micro-cap explorers."},"tickerRelevance":{"others":[],"primary":"CPL"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":["insider_transaction"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"small-financing","sectorWeight":"materials-niche"}},"event_type":"debt_offering","event_type_secondary":["insider_transaction"],"sentiment":"bullish","material_impact_score":3,"narrative":"Copper Lake closed a C$1.0 million secured debenture offering consisting of 1,000 units priced at $1,000 each. Each unit includes a 15% non-convertible debenture maturing in 12 months and warrants to purchase common shares at $0.19.\n\nAn insider purchased $250,000 of the debentures as a related party transaction, utilizing exemptions from minority shareholder approval. Net proceeds are earmarked for advancing the Marshall Lake project and strengthening working capital.\n\nAdditionally, the company confirmed that ICP Securities Inc. has been engaged to provide automated market making services.","key_figures":{"dealValueUsd":1000000,"customDimensions":{"unit_price":1000,"interest_rate":"15%","units_offered":1000,"warrants_issued":5263156,"warrant_exercise_price":0.19,"insider_purchase_amount":250000}},"named_entities":{"people":[{"name":"Terry MacDonald","role":"Chief Executive Officer"}],"products":["Marshall Lake project","Norton Lake property","ICP Premium®"],"companies":[{"name":"Copper Lake Resources Ltd.","ticker":"CPL"},{"name":"ICP Securities Inc.","relationship":"market maker"}],"dollarAmounts":[{"amount":"$1,000,000","context":"aggregate gross proceeds of the Offering"},{"amount":"$1,000","context":"price per Unit"},{"amount":"$0.19","context":"Warrant exercise price / Market Price"},{"amount":"$250,000","context":"principal amount of Debentures purchased by an Insider"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-17T20:51:41.307Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"small-financing","sectorWeight":"materials-niche"}},"durationMs":null,"modelName":"glm-4.7"}}