Business
Green River Gold Announces Closing of Private Placements of Flow-through Shares and Units
Edmonton, Alberta--(Newsfile Corp. - December 30, 2022) - Further to its news releases dated November 2, 2022 and December 9, 2022, Green River Gold Corp. (CSE:
About this update from Green River Gold Corp
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - December 30, 2022) - Further to its news releases dated November 2, 2022 and December 9, 2022, 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 oversubscribed, previously announced non-brokered private placement offering of flow-through shares (the \"Flow-Through Offering\") and the previously announced non-brokered private placement offering of units (the \"Unit Offering\"). Final Closing of Flow-Through Offering In total, the Company issued 6,708,300 flow-through shares (\"Flow-Through Shares\") at a price of $0.08 per Flow-Through Share for gross proceeds of CAD$536,664.00. In addition, a one-half common share warrant (each such whole warrant a \"2-Year Warrant\") was issued for each Flow-Through Share issued under the Flow-Through Offering. Each 2-Year Warrant will be exercisable to acquire one Warrant Share for a period of 2 years following the closing of the Flow-Through Offering at an exercise price of $0.12 per Warrant Share, subject to the Acceleration Provisions (as set out below). No broker commissions were paid with respect to any closings which took place under the Flow-Through Offering. However, the Company paid an aggregate amount of $38,261.12 in cash finder's fees to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Flow-Through Offering facilitated by such finders. The Company intends to use the proceeds of the Flow-Through Offering for the continued exploration drilling on the Quesnel Nickel Project. Final Closing of Unit Offering In total, the Company issued 1,971,472 units (\"Units\") under the Unit Offering at a price of $0.07 per Unit for gross proceeds of CAD$138,003.04. Each Unit consisted of one common share (\"Share\") and one common share purchase warrant (\"4-Year Warrant\"). Each 4-Year Warrant will be exercisable to acquire one Share (\"Warrant Share\") for a period of 4 years following the closing of the Unit Offering at an exercise price of $0.09 per Warrant Share, subject to the Acceleration Provisions (as set out below). If the closing price of the Company's Shares on the Canadian Securities Exchange (the \"CSE\") (or such other principal exchange on which the Shares may be traded at su...