10:58:16 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Walker River Resources Corp (2)
Symbol WRR
Shares Issued 40,251,862
Close 2023-11-28 C$ 0.13
Market Cap C$ 5,232,742
Recent Sedar Documents

Walker River arranges $500,000 private placement

2023-11-28 16:19 ET - News Release

Mr. Michel David reports

WALKER RIVER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Walker River Resources Corp. has arranged a non-brokered private placement of up to 3,333,333 units of the company at a price of 15 cents per unit for aggregate proceeds of $500,000. Each Unit shall consist of one (1) common share ("Share") in the capital of the Company and one (1) Share purchase warrant ("Warrant"), whereby each Warrant shall be exercisable by the warrant holder to acquire one (1) additional Share at a price of $0.20 for a period of 24 months from the closing of the Private Placement (the "Closing Date").

The proceeds of the Private Placement will be used primarily to fund work on the Company's mineral properties and for general working capital purposes.

In consideration of the introduction to the Company of investors in the Private Placement, finder's fee may be paid in cash or in securities of the Company in accordance with applicable securities laws and TSX Venture Exchange policies. Completion of the Private Placement will be subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

It is anticipated that insiders of the Company may participate in the Private Placement. Any such participation will constitute a related party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemption from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and the exemption from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101.

The securities issued in connection with the Private Placement will be subject to a statutory four-month hold period under applicable Canadian securities laws commencing on the Closing Date.

Finally, the Company wishes to clarify the engagement of Rocks and Stocks News ("R&S"). R&S is a private entity owned and operated by Allan Barry Laboucan. He is based in Mexico where he operates an online portal for precious metal and mining stocks. It provided video distribution of interviews with the Company's CEO, along with comments and/or opinions on its YouTube Channel.

The Company contracted R&S via a series of renewable 3-month engagements at a rate of $2500.00 monthly, payable in full at the beginning of each three-month period, starting on Nov. 18, 2022. The last period expired on Nov. 18, 2023, and was not renewed. Total compensation of $30,000 was paid to R&S. R&S did not receive shares or options as compensation. Neither Allan Barry Leboucan or R&S have any direct or indirect interest in the Company or its securities or any right or interest to acquire such an interest. R&S and the Company are unrelated and unaffiliated entities.

We seek Safe Harbor.

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