Business
Green River Gold Announces Non-Brokered Private Placement Offering of Units and Flow-Through Shares
Edmonton, Alberta--(Newsfile Corp. - November 2, 2022) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to anno
About this update from Green River Gold Corp
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - November 2, 2022) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the \"Company\" or \"Green River\") is pleased to announce that it plans to undertake a non-brokered private placement of up to 2,000,000 units (\"Units\") to raise gross proceeds of up to $140,000.00 (the \"Unit Offering\"). The Units will be offered at a price of $0.07, with each Unit consisting 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 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 such time) is equal to or greater than $0.25 for a period of ten (10) consecutive trading days, the Company may, at its sole option, accelerate the expiry date of Warrants to the date which is thirty (30) days following the date upon which notice of the accelerated expiry date is provided by the Company (given by way of news release) (such provisions the \"Acceleration Provisions\"). The Company intends to use the proceeds of the Unit Offering for exploration of the Company's mineral and placer claims, investment in mining related businesses and general working capital. No commissions will be paid with respect to the Unit Offering, however, the Company may pay a finder's fee to certain finders of up to 8% of the aggregate gross proceeds of subscriptions facilitated by such finders (the \"Finder's Fees\"). The Finder's Fees may be paid in cash and/or Units at the option of the finder. In addition, the Company plans to undertake a non-brokered private placement of up to 4,000,000 Flow-Through Common Shares (\"Flow-Through Shares\") to raise gross proceeds of up to $320,000.00 (the \"Flow-Through Offering\"). Each Flow-Through Share will be offered at a price of $0.08. In addition, a one-half common share warrant (each such whole warrant a \"2-Year Warrant\") will be 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 yea...