The gold focused mineral exploration and development company said the offering comprised 7.5mln units purchased by Polygon Mining Opportunity Fund and Royal Road's chairman, Peter Mullens, at C$0.10 a pop.
The share issue raised C$750,000.
Each unit consists of one ordinary share of Royal Road and half a warrant to purchase Royal Road shares; a whole warrant entitles the holder to purchase one Royal Road share at C$0.20.
Royal Road shares closed at C$0.095 last night.
Royal Road intends to use the proceeds of the financing for general working capital purposes, and to complete the company's acquisition of Caza Gold Corp, including the repayment of Caza's outstanding debt.