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Green River Gold Announces Non-Brokered Private Placement Offering of Units Consisting of Flow-Through Shares and Warrants
Edmonton, Alberta--(Newsfile Corp. - November 6, 2023) - 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 6, 2023) - 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 11,000,000 units (\"FT Units\") to raise gross proceeds of up to $605,000.00 (the \"Offering\"). The FT Units will be offered at a price of $0.055, with each FT Unit consisting of one flow-through common share (\"FT Share\") within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"ITA\") and one-half common share purchase warrant (each such whole warrant a \"Warrant\"). Each Warrant will be exercisable to acquire one common share (a \"Warrant Share\") for a period of 48 months following the closing of the Offering at an exercise price of $0.10 per Warrant Share, subject to the acceleration provisions set out below. In addition, subscribers of FT Shares who are individuals will benefit from the Critical Mineral Exploration Tax Credit pursuant to subsections 127(5) and (9) of the ITA. If the closing price of the Company's common 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 $0.20 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). The Company intends to use the proceeds of the Offering for the continued exploration drilling on the Quesnel Nickel Project. No commissions will be paid with respect to the Offering, however, the Company may pay a cash finder's fee to certain finders of up to 8% of the aggregate gross proceeds of subscriptions facilitated by such finders. The Offering is expected to close on or about November 30, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE. 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 d...