Royal Road Minerals (RYR.V) raised C$7.3 million in its private placement offering of shares, the company said Tuesday.
Royal Road issued 36.5 million shares at C$0.20 each, under the listed issuer financing exemption.
Proceeds will be used to advance exploration at the Guintar-Aleman-Margaritas district in Colombia.
Royal Road shares were unchanged at C$0.175, on the TSX Venture Exchange.