07:32:09 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Green River Gold Corp
Symbol CCR
Shares Issued 112,542,308
Close 2023-12-29 C$ 0.045
Market Cap C$ 5,064,404
Recent Sedar Documents

Green River closes private placements

2023-12-30 20:44 ET - News Release

Mr. Perry Little reports

GREEN RIVER GOLD CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENTS OF UNITS CONSISTING OF FLOW-THROUGH SHARES AND WARRANTS AND UNITS CONSISTING OF COMMON SHARES AND WARRANTS

Further to the news release dated Nov. 6, 2023, Green River Gold Corp. has closed on the previously announced non-brokered private placement offering of units, each flow-through unit consisting of one flow-through common share and one-half of one common share purchase warrant. In total, the company issued 11,653,745 FT units at a price of 5.5 cents per FT unit for gross proceeds of $640,956. Each FT warrant is exercisable to acquire one common share of the company for a period of four years following issuance at a price of 10 cents per common share, subject to acceleration.

In addition, further to the news release dated Oct. 4, 2023, the company is pleased to announce that it closed on the previously announced non-brokered private placement offering of units. In total, the company issued 650,000 non-flow-through units at a price of five cents per NFT unit for gross proceeds of $32,500. Each NFT unit consists of one common share and one warrant. Each NFT warrant is exercisable to acquire one common share of the company for a period of four years following issuance at a price of 7.5 cents per common share, subject to acceleration.

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 FT warrants and NFT warrants to the date which is 30 days following the date upon which notice of the accelerated expiry date is provided by the company (given by way of a news release).

No broker commissions were paid with respect to any closings that took place under the offering. However, the company paid an aggregate amount of $18,806.48 in cash finders' fees to certain finders, which amount equals 8 per cent of the aggregate gross proceeds of subscriptions under the FT offering facilitated by such finders. In addition, the company paid an aggregate amount of $2,600 in cash finders' fees to certain finders, which amount equals 8 per cent of the aggregate gross proceeds of subscriptions under the NFT offering facilitated by such finders.

The company intends to use the proceeds of the FT offering for the continued exploration drilling on the Quesnel nickel project. The company intends to use the proceeds of the NFT offering for the exploration of the company's mining properties, working capital and general corporate purposes.

The securities issued under the FT offering and the NFT offering are subject to a four-month-and-a-day hold period from the date of issuance.

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 southeastern British Columbia, 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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