05:42:20 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Green River Gold Corp
Symbol CCR
Shares Issued 124,846,053
Close 2024-02-01 C$ 0.055
Market Cap C$ 6,866,533
Recent Sedar Documents

Green River arranges $500,000 private placement

2024-02-01 18:05 ET - News Release

Mr. Perry Little reports

GREEN RIVER GOLD CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OFFERING OF UNITS

Green River Gold Corp. plans to undertake a non-brokered private placement of up to 10 million units to raise gross proceeds of up to $500,000. The units will be offered at a price of five cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant will be exercisable to acquire one share for a period of five years following the closing of the offering at an exercise price of six cents per warrant share, subject to acceleration provisions (as set out below). The offering is expected to close on or about Feb. 29, 2024.

If the closing price of the company's 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 15 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 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).

The company intends to use the proceeds of the offering for the exploration of the company's mining properties, working capital and general corporate purposes.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.

No commissions will be paid with respect to the offering. However, the company may pay a finder's fee to certain finders of up to 8 per cent of the aggregate gross proceeds of subscriptions facilitated by such finders. The finders' fees may be paid in cash and/or units at the option of the finder.

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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