Business
Green River Gold Announces Closing of Private Placement of Units Consisting of Flow-Through Shares and Warrants and Engagement of Venture Liquidity Providers Inc. to Provide Market-Making Services
Final Closing of the Flow-Through Offering Edmonton, Alberta--(Newsfile Corp. - April 21, 2023) - Further to its news releases dated March 23, 2023 and April 12
About this update from Green River Gold Corp
[{"type":"text","content":" Final Closing of the Flow-Through Offering Edmonton, Alberta--(Newsfile Corp. - April 21, 2023) - Further to its news releases dated March 23, 2023 and April 12, 2023, Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the \"Company\" or \"Green River\") is pleased to announce that the Company has closed on the final tranche of the previously announced non-brokered private placement offering (\"Offering\") of units (\"Units\"). In total, the Company issued 7,856,359 Units at a price of $0.07 per Unit for gross proceeds of CAD $549,945. Each Unit consists of one flow-through common share and one-half common share purchase warrant (a \"Warrant\"). Each Warrant is exercisable to acquire one common share of the Company for a period of 2 years following issuance at a price of $0.12 per common share. No broker commissions were paid with respect to any closings that took place under the Offering. However, the Company paid an aggregate amount of $36,715.60 in cash finder's fees to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Offering facilitated by such finders. The Company intends to use the proceeds of the Offering for the continued exploration drilling on the Quesnel Nickel Project. The securities issued under the Offering are subject to a four month and a day hold period from the date of issuance. Venture Liquidity Providers Inc. retained to provide Market-Making Services The Company has entered a market making agreement (the \"Market Maker Agreement\") with Venture Liquidity Providers Inc. (\"VLP\") with the objective of maintaining an orderly trading market and improving liquidity of the Company's common shares. For its services, VLP will be paid a monthly fee of $5,000 CAD, plus applicable tax for an initial term of one month. Following the initial term, the Market Maker Agreement will automatically renew for a successive additional one-month terms. The Market Maker Agreement may be terminated at any time by the Company or VLP. About Green River Gold Corp. Green River Gold Corp. 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 and Quesnel properties cover an area exceeding 200 square...