Edmonton, Alberta– (September 9, 2024) – A mineral exploration company based in Edmonton, Alberta, has announced its intention to undertake a non-brokered private placement to raise up to CAD$900,000 through the issuance of convertible debentures. The debentures will mature five years from the date of issuance, with an interest rate of 11.0% per annum payable quarterly. Holders of the debentures have the option to convert them into common shares in the company at a conversion price of $0.06 per share.
The company aims to issue the debentures in multiple tranches, with the first tranche expected to close by September 30, 2024. No commissions will be paid for the offering, but finder’s fees may be given to certain finders who facilitate subscriptions. The company intends to use the proceeds from the offering for drilling and exploration activities, expanding placer mining operations, and general working capital.
In addition to the debenture offering, the company has recently closed a private placement of units consisting of flow-through shares and warrants. This placement resulted in gross proceeds of CAD$197,165.05, which will be used for continued exploration on the Quesnel Nickel Project. The company’s mineral exploration projects are located in British Columbia, with a focus on gold, nickel, magnesium, talc, and silver.
For more information, interested parties can contact the company’s President and CEO, Mr. Perry Little, at perry.little@greenrivergold.ca or 780-993-2193. Additional information about the company can be found on SEDAR at www.sedarplus.ca.
