Business
Greenridge Exploration Announces Flow-Through Financing
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$2,000,000.1 from the sale of up to 5,714,286 flow-through Units of the Company (each, a “FT UNIT”) at a price of C$0.35 per FT Unit. The Company intends to use the proceeds from the Offering towards exploration on the Company’s project
About this update from Greenridge Exploration Inc
[{"type":"image","alt":"Greenridge Exploration Inc.","displaySize":"","headline":null,"caption":"Greenridge Exploration Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":87,"url":"https://media.zenfs.com/en/globenewswire.com/fce1a0157425aa62bd6bcd9de85fef28"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/snE3UWsfX6fMShd.22Ir5Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fce1a0157425aa62bd6bcd9de85fef28","width":300,"height":87}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$2,000,000.1 from the sale of up to 5,714,286 flow-through Units of the Company (each, a “FT UNIT”) at a price of C$0.35 per FT Unit. The Company intends to use the proceeds from the Offering towards exploration on the Company’s project portfolio.","length":515,"tagName":"p"},{"type":"text","content":"Each FT Unit will consist of one (1) common share of the Company (each, a “Common Share”) to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one (1) Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share”) at a price of C$0.40 for a period of 24 months from the date of issuance.","length":450,"tagName":"p"},{"type":"text","content":"The Company may pay finder’s fees to third parties sourced by finders. The FT Units will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under National Instrument 45 - 106 – Prospectus Exemptions in all the provinces of Canada. The securities issuable pursuant to the sale of the FT Units will be subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the Offering.","length":479,"tagName":"p"},{"type":"text","content":"The gross proceeds from the sale of the FT Units will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in th...