05:25:27 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Green River Gold Corp
Symbol CCR
Shares Issued 110,898,672
Close 2023-11-06 C$ 0.045
Market Cap C$ 4,990,440
Recent Sedar Documents

Green River arranges $605,000 private placement

2023-11-06 18:07 ET - News Release

Mr. Perry Little reports

GREEN RIVER GOLD CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OFFERING OF UNITS CONSISTING OF FLOW-THROUGH SHARES AND WARRANTS

Green River Gold Corp. plans to undertake a non-brokered private placement of up to 11 million flow-through (FT) units to raise gross proceeds of up to $605,000. The FT units will be offered at a price of 5.5 cents, with each FT unit consisting of one flow-through common share within the meaning of Subsection 66(15) of the Income Tax Act (Canada), and one-half common share purchase warrant. Each warrant will be exercisable to acquire one common share for a period of 48 months following the closing of the offering at an exercise price of 10 cents per warrant share, subject to the acceleration provisions set out below. In addition, subscribers of FT shares who are individuals will benefit from the critical mineral exploration tax credit pursuant to subsections 127(5) and (9) of the Income Tax Act.

If the closing price of the company's common shares on the Canadian Securities Exchange (or such other principal exchange on which the shares may be traded at such time) is equal to or greater than 20 cents for a period of 10 consecutive trading days, the company may, at its sole option, accelerate the expiry date of warrants to the date that is 30 days following the date upon which notice of the accelerated expiry date is provided by the company (given by way of news release).

The company intends to use the proceeds of the offering for the continued exploration drilling on the Quesnel nickel project.

No commissions will be paid with respect to the offering, however, the company may pay cash finders' fees to certain finders of up to 8 per cent of the aggregate gross proceeds of subscriptions facilitated by such finders.

The offering is expected to close on or about Nov. 30, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.

About Green River Gold Corp.

Green River is a Canadian mineral exploration company focused on its wholly owned Fontaine gold project, Quesnel nickel/magnesium/talc project and Kymar silver project, which are located in renowned mining districts in British Columbia.

The Fontaine gold and Quesnel nickel properties cover an area exceeding 200 square kilometres and straddle a 32-kilometre length of the Barkerville and Quesnel terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo gold project.

The Kymar silver project is located in southeast B.C., approximately 28 kilometres west of the town of Invermere in the Golden mining division. The property is made up of two mineral tenures, totalling 1,625 hectares, along the southeast flank of Mount Catherine.

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