Business
Green River Gold Corp. Announces Final Closing of Its Oversubscribed Non-Brokered Private Placement of Units and the Closing of Its Non-Brokered Private Placement of Flow-Through Shares
Edmonton, Alberta--(Newsfile Corp. - February 15, 2022) - Further to its news releases dated January 12, 2022 and February 2, 2022, Green River Gold Corp. (CSE:
About this update from Green River Gold Corp
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - February 15, 2022) - Further to its news releases dated January 12, 2022 and February 2, 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 of units (the \"Non-Flow-Through Offering\"). The Company is also pleased to announce that it has closed on the previously announced non-brokered offering of flow-through shares (\"Flow-Through Offering\"). Final Closing of Non Flow-Through Offering In total, the Company issued 8,238,564 units (\"Units\") under the Non Flow-Through Offering at a price of $0.06 per Unit for gross proceeds of CAD$494,313.84. Each Unit consists of one common share (\"Common Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.09 per Common Share expiring three years from the date of issuance, subject to acceleration. If the closing price of the Common Shares on the CSE (or such other principal exchange on which the Common 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 the 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). No broker commissions were paid with respect to the Non Flow-Through Offering. However, the Company paid an aggregate amount of $32,240.80 in finder's fees to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Non Flow-Through Offering facilitated by such finders. The finder's fees were paid in a combination of cash ($22,640.80) and Units (160,000 Units issued to certain finders at a deemed value of $0.06 per Unit being $9,600.00 in aggregate). The Company intends to use the proceeds of the Non Flow-Through Offering for the exploration of the Company's mining properties, acquisition of drilling equipment and supplies, working capital and general corporate purposes. Flow-Through Offering In total the Company issued 2,278,998 flow-through shares (\"Flow-Through Shares\")...