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Green River Gold Corp. Announces Non-Brokered Flow-Through Share Offering and Private Placement Offering of Units
September 30, 2021 - TheNewswire - EDMONTON, ALBERTA - Green River Gold Corp. (the “Company” or “Green River”) (CNSX:CCR.CN) is pleased to announce that it plan
About this update from Green River Gold Corp
[{"type":"text","content":"September 30, 2021 - TheNewswire - EDMONTON, ALBERTA - Green River Gold Corp. (the “Company” or “Green River”) (CNSX:CCR.CN) is pleased to announce that it plans to undertake a non-brokered private placement of up to 6,200,000 Flow-Through Common Shares (“Flow-Through Shares”) to raise gross proceeds of up to $403,000.00 (the “Flow-Through Offering”). Each Flow-Through Share will be offered at a price of $0.065. In addition, a one-half Common Share Warrant will be issued for each Flow-Through Share issued under the Flow-Through Offering. Each full Warrant will be exercisable to acquire one Warrant Share for a period of 2 years following the closing of the Flow-Through Offering at an exercise price of $0.09 per Warrant Share, subject to acceleration. The Flow-Through Offering is expected to close on or about October 15, 2021. Further, the Company will undertake a non-brokered private placement of up to 2,500,000 Units (“Units”) to raise gross proceeds of up to $150,000.00 (the “Non Flow-Through Offering”). The Units will be offered at a price of $0.06, with each Unit consisting of one Common Share and one Common Share Warrant. Each full Warrant will be exercisable to acquire one Warrant Share for a period of 3 years following the closing of the Non Flow-Through Offering at an exercise price of $0.09 per Warrant Share, subject to acceleration. The Non Flow-Through Offering is expected to close on or about October 15, 2021. 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 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 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 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 (ODV-TSXV) Cariboo Gold Project near Wells, British Columbia. The Cariboo Gold Project contains indicated resources of 3,160,000 oun...