• Blue River (BXR) issued 43,333,333 units for gross proceeds of $650,000
  • Each unit consists of one common share and one transferable share purchase warrant
  • Proceeds will be used for mineral exploration on the company’s Castle Copper Project and for general working capital
  • Blue River Resources is a mineral exploration company
  • Blue River Resources Ltd. (BXR) is currently trading at C$0.02 per share

Blue River (BXR) has closed its non-brokered private placement raising gross proceeds of $650,000.

The company issued 43,333,333 units at a price of $0.015 per unit.

Each unit consists of one common share and one transferable share purchase warrant. Each warrant is exercisable for one additional share at a price of $0.05 for a period of 3 years from the date of closing.

No finder’s fees were paid in connection with the offering.

The shares and warrants are subject to a 4-month hold period.

Proceeds will be used for mineral exploration on the company’s Castle Copper Project and for general working capital.

Blue River Resources is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. 

Blue River Resources Ltd. (BXR) is currently trading at C$0.02 per share.

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