Source: Green River Gold Corp.
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  • Green River Gold (CCR) has closed its private placements of flow-through and non-flow-through units for gross proceeds of $900,915.50
  • The company issued 9,761,776 flow-through units for gross proceeds of $634,515.50
  • The company also issued 4,440,000 non-flow-through units  for gross proceeds of $266,400.00
  • The company intends to use the proceeds from the offerings for the exploration of its key projects
  • Green River Gold is a Canadian mineral exploration company
  • Green River Gold Corp. (CCR) opened trading at C$0.065 per share

Green River Gold (CCR) has closed its private placements of flow-through and non-flow-through units for gross proceeds of $900,915.50.

The company issued 9,761,776 flow-through units priced at $0.065 per unit for gross proceeds of $634,515.50. Each FT unit consists of one flow-through common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.09 for two years from the date of issuance.

If the closing price of the company’s common shares is equal to or greater than $0.20 for a period of ten consecutive trading days, Green River may accelerate the expiry date of the warrants.

The company intends to use the proceeds of the flow-through offering for the exploration of the company’s key projects.

Green River also issued 4,440,000 non-flow-through units  at a price of $0.06 per unit for gross proceeds of $266,400.00. Each NFT unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of $0.09 for three years from the date of issuance, subject to the same acceleration provisions noted above.

The company intends to use the proceeds of the non-flow-through offering for exploration.

All securities issued are subject to a four-month hold period from the date of issuance.

Green River Gold Corp. is focused on its high-grade Fontaine Gold project, Quesnel Nickel/Cobalt/Talc project and Kymar Silver project.

The Fontaine Gold and Quesnel Nickel/Cobalt/Talc properties are contiguous to Osisko Development Corp.’s mineral claim group containing a proposed mine location at its Cariboo Gold project.

The Kymar Silver project is made up of two mineral tenures, totalling 1,440 hectares, along the southeast flank of Mount Catherine.

Green River Gold Corp. (CCR) opened trading at C$0.065 per share.

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