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Green Bridge Metals Announces Closing of Non-Brokered Private Placement
VANCOUVER, BC / ACCESS Newswire / October 30, 2025 /Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48, WKN:A3EW4S)("Green Bridge" or the "Company")is pleased to announce that it has closed its previously-announced non-brokered private ...
About this update from Green Bridge Metals Corporation
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48, WKN:A3EW4S)("Green Bridge" or the "Company")is pleased to announce that it has closed its previously-announced non-brokered private placement (the "Private Placement") of 66,666,666 units of the Company (the "Units") at a price of $0.09 per Unit, for aggregate gross proceeds of $6,000,000. Each Unit consists of one common share (each a "Share") and one-half (1/2) of one Share purchase warrant (each whole warrant, a "Warrant"), with each (whole) Warrant entitling the holder to purchase one Share at a price of $0.15 for a period of three (3) years. Pursuant to applicable securities laws, all securities issued pursuant to Private Placement are subject to a hold period of four months and one day.","length":879,"tagName":"p"},{"type":"text","content":"The Company intends to utilize the net proceeds of the Private Placement to support its existing operations and for general working capital purposes.","length":149,"tagName":"p"},{"type":"text","content":"Pacific Opportunity Capital Ltd., an entity controlled, by Mark Brown, a director of the Company subscribed for an aggregate total of 400,000 Units for gross proceeds of $36,000.00. Such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101, which exemptions are set forth in in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Private Placement by Pacific Opportunity Capital Ltd. did not exceed twenty-five percent (25%) of the market capitalization of the Company, as determined in accordance with MI 61-101.The Company did not file a material change report more than 21 days before the expected closing of the Private Placement because the details of the participation therein by related parties of the Company were not confirmed until shortly prior to closing of the Private Placement.","length":1051,"tagName":"p"},{"type":"text","content":"The Company paid aggregate finders' fees of $193,627.55 cash and issued 2,151,417 finders' warrants to arm's l...