Green River Gold Corp. announces the final completion of the oversubscribed flow-through private placement of Shares and the final completion of the non-flow-through private placement of Shares

Edmonton, Alberta – (Newsfile Corp. – December 31, 2021) – According to news releases dated September 30, 2021, November 2, 2021, and December 22, 2021, Green River Gold Corp. (CSE: CCR) (the “Accompaniment” or “Green river“) is pleased to announce that the Company has completed the final tranche of the oversubscribed, previously announced, non-brokered flow-through private placement of Shares (the”Flow-through offer“). The company is also pleased to announce that it has completed the final tranche of the previously announced non-brokered offering of non-flow-through shares (“Non-flow-through offer“).

Flow-through offer

In total, the company issued 9,761,776 units (“Flow units“) at a price of $ 0.065 per unit flow-through for gross proceeds of CAD 634,515.50. Each unit flow-through consists of one flow-through common share and one-half common share purchase warrant (a”2 year guarantee“). Each full 2-year warrant entitles its holder to purchase one common share (“Common share“) at a price of $ 0.09 per common share expiring two years from the date of issue.

If the closing price of the Company’s common stock on the CSE (or other major stock exchange on which the common stock can be traded at that time) is equal to or greater than $ 0.20 for a period of ten (10) consecutive business days, The Company may at its sole discretion, advance the expiration date of 2 Year Warrants to the date that is thirty (30) days after the date on which the Company is notified of the expedited expiration date (through a press release). ).

No brokerage commissions were paid in relation to closings that occurred as part of the flow-through offering. However, the Company paid certain intermediaries a total of $ 30,406.80 in cash, representing 8% of the total gross proceeds from subscriptions under the flow-through offering brokered by those intermediaries.

The story goes on

The company intends to use the proceeds from the flow-through offering to explore the Company’s key projects including:

• The Fontaine Gold Project, which is contiguous with, and contiguous with, Osisko Development Corp’s Cariboo Gold Project located near Wells, British Columbia. The Cariboo Gold Project contains Indicated Resources of 3,160,000 ounces of gold and Inferred Resources of 2,721,000 ounces of gold. A recently completed UAV-MAG survey of Green River’s Fontaine Gold Project identified a parallel strike length of 2.0 km by 2.5 km wide.

• The Kymar high grade silver-gold project near Invermere, British Columbia. The Kymar project has historical production from multiple locations including the Beulah project which has historical production of 2,000 g / t silver, 57% lead, 0.8% copper and 3.4 g / t gold over the year 1926 exhibited. (BC minfile 082KSE057).

• The Quesnel nickel / cobalt / talc project near Wells, British Columbia. A recently completed UAV-MAG survey of the property identified areas of interest for follow-up exploration.

Final conclusion of the non-flow-through offer

In total, the company has issued 4,440,000 units (“units“) in the Non-Flow-Through Offering at a price of $ 0.06 per unit for gross proceeds of CAD 266,400.00. Each unit consists of one common share and one common share purchase warrant (a”Guarantee“). Each warrant entitles its holder to purchase one share of common stock at a price of $ 0.09 per share of common stock for three years from the date of issue, subject to the same expediting provisions noted above.

No brokerage commissions were paid for closings that took place as part of the non-flow-through offering. However, the company paid a total of $ 15,120.00 in agency fees (“Finder fees“) to certain finders, equal to 8% of the total gross proceeds from subscriptions under the non-flow-through offering made possible by such finders. Finder fees have been in the form of cash ($ 7,920.00) and units (120,000 units issued) paid to certain finders at an assumed value of $ 0.06 per unit, making a total of $ 7,200.00).

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

The securities that are issued in both the flow-through offering and the non-flow-through offering are subject to a holding period of four months and one day from the date of issue.

About Green River Gold Corp.

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned, high grade Fontaine Gold Project, the Quesnel Nickel / Cobalt / Talc Project and the Kymar Silver Project, located in prestigious mining areas in British Columbia. The properties span 18 km of the Barkerville and Quesnel Terrane and are adjacent to the Osisko Development Corp. mineral claim group. that includes a proposed mine location on its Cariboo gold project.

The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property consists of two mineral lots totaling 1,440 hectares along the southeast flank of Mount Catherine.

For more information contact:

Green River Gold Corp.
Mr. Perry Little – President and Chief Executive Officer
[email protected]
780-993-2193

For more information about Green River Gold Corp. can be found in his profile on SEDAR at www.sedar.com.

Forward-Looking Information: This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Expressions such as “expects”, “expects”, “believes”, “estimates”, “could”, “intends”, “can”, “plans”, “forecast”, “projected”, “will”, “would” and other similar expressions or the negative of these terms generally indicate forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied in such forward-looking information. In addition, the forward-looking information contained in this press release is based on assumptions that management believes are reasonable. Readers are cautioned not to place undue reliance on forward-looking information because it is inherently uncertain and no guarantee can be given that expectations reflected in such information will prove to be correct. The forward-looking information in this press release is as of the date of this release and the company undertakes no obligation to update or revise this information to reflect new events or circumstances, except as required by applicable securities laws.

The Company’s securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an appropriate exemption from registration. This announcement is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor is there a sale of any securities in any jurisdiction in which such offer, solicitation or solicitation is made Selling would be illegal.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108779