Business
Green River Gold Corp. Announces Final Closing of Oversubscribed Flow-Through Private Placement of Units and Final Closing of Non Flow-Through Private Placement of Units
Edmonton, Alberta--(Newsfile Corp. - December 31, 2021) - Further to its news releases dated September 30, 2021, November 2, 2021, and December 22, 2021, Green
About this update from Green River Gold Corp
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - December 31, 2021) - Further to its news releases dated September 30, 2021, November 2, 2021, and December 22, 2021, Green River Gold Corp. (CSE: CCR) (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 flow-through private placement of units (the \"Flow-Through Offering\"). The Company is also pleased to announce that it has closed on the final tranche of the previously announced non-brokered non flow-through offering of units (\"Non Flow-Through Offering\"). Flow-Through Offering In total the Company issued 9,761,776 units (\"Flow-Through Units\") at a price of $0.065 per Flow-Through Unit for gross proceeds of CAD$634,515.50. Each Flow-Through Unit consists of one flow-through common share and one-half of a common share purchase warrant (a \"2-Year Warrant\"). Each whole 2-Year Warrant entitles the holder thereof to purchase one common share (\"Common Share\") at a price of $0.09 per Common Share expiring two years from the date of issuance. If the closing price of the Company's 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 2-Year 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 any closings which took place under the Flow-Through Offering. However, the Company paid an aggregate amount of $30,406.80 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 exploration of the Company's key projects which include: The Fontaine Gold Project, which is contiguous to, and on trend with, Osisko Development Corp's Cariboo Gold Project near Wells, British Columbia. The Cariboo Gold Project contains indicated resources of 3,160,000 ounces of gold and inferred resources of 2,721,000 ounces of gold. A recently com...