Business
Green River Gold Corp. Announces Final Closing of Oversubscribed Private Placement of Units
June 4, 2021 – TheNewswire - EDMONTON, ALBERTA – Further to its news releases on December 8, 2020, March 12, 2021 and May 14, 2021, Green River Gold Corp. (the
About this update from Green River Gold Corp
[{"type":"text","content":"June 4, 2021 – TheNewswire - EDMONTON, ALBERTA – Further to its news releases on December 8, 2020, March 12, 2021 and May 14, 2021, Green River Gold Corp. (the “Company” or “Green River”) (CNSX:CCR.CN) is pleased to announce that the Company has closed the final tranche of the oversubscribed private placement previously announced (the “Offering”). In total, the Company issued 10,000,000 units of the Company (\"Units\") under the Offering at a price of $0.07 per Unit for gross proceeds of CAD$700,000. Each Unit consists of one common share of the Company (\"Common Share\") and one Common Share purchase warrant (\"Warrant\") with each whole Warrant entitling the holder to acquire one Common Share at a price of $0.11 for a period of three years following the issuance date. No broker commissions were paid with respect to any closings which took place under the Offering. However, the Company paid an aggregate amount of $36,484.00 (“Finder’s Fees”) to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Offering facilitated by such finders. The Finder’s Fees were paid in a combination of cash ($28,084.00) and Units (120,000 Units issued to certain finders at a deemed value of $0.07 per Unit being $8,400.00 in aggregate). The proceeds from the Offering will be used for exploration and development of the Company’s mineral and placer claims including a UAV-MAG Survey flown by Pioneer Exploration Consultants Ltd., fieldwork on the Kymar Silver Property and exploration of the Company’s placer claims. About Green River Gold Corp. Green River Gold Corp. acquires and develops placer mining claims and mineral claims. The Company controls a 100% interest in the flagship Fontaine Gold Project. The 8,900-hectare Fontaine Gold Project is situated 12 kilometers southwest of Barkerville. The property includes both placer and hard-rock tenures. The properties straddle an 18 km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.’s mineral claim group containing a proposed mine location at its Cariboo Gold Project. The Company controls a 100% interest in the 1,214-hectare Kymar Silver Project, located 28 kilometers West of Invermere, British Columbia. The Company controls a 100% interest in placer mining projects on the Little Swift Ri...