Precious Metals

Further to its news releases dated January 12, 2022 and February 2, 2022, Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that the Company has closed on the final tranche of the oversubscribed previously announced non-brokered private placement of units (the "Non-Flow-Through Offering"). The Company is also pleased to announce that it has closed on the previously announced non-brokered offering of flow-through shares ("Flow-Through Offering").

Final Closing of Non Flow-Through Offering

In total, the Company issued 8,238,564 units ("Units") under the Non Flow-Through Offering at a price of $0.06 per Unit for gross proceeds of CAD$494,313.84. Each Unit consists of one common share ("Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.09 per Common Share expiring three years from the date of issuance, subject to acceleration.

If the closing price of the Common Shares on the CSE (or such other principal exchange on which the Common Shares may be traded at such time) is equal to or greater than $0.20 for a period of ten (10) consecutive trading days, the Company may, at its sole option, accelerate the expiry date of the Warrants to the date which is thirty (30) days following the date upon which notice of the accelerated expiry date is provided by the Company (given by way of news release).

No broker commissions were paid with respect to the Non Flow-Through Offering. However, the Company paid an aggregate amount of $32,240.80 in finder's fees to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Non Flow-Through Offering facilitated by such finders. The finder's fees were paid in a combination of cash ($22,640.80) and Units (160,000 Units issued to certain finders at a deemed value of $0.06 per Unit being $9,600.00 in aggregate).

The Company intends to use the proceeds of the Non Flow-Through Offering for the exploration of the Company's mining properties, acquisition of drilling equipment and supplies, working capital and general corporate purposes.

Flow-Through Offering

In total the Company issued 2,278,998 flow-through shares ("Flow-Through Shares") under the Flow-Through Offering at a price of $0.075 per Flow-Through Share for gross proceeds of CAD$170,924.85. In addition a one-half common share purchase warrant (a "2-Year Warrant") was issued for each Flow-Through Share issued under the Flow-Through Offering. Each whole 2-Year Warrant entitles the holder thereof to purchase one Common Share at a price of $0.09 per Common Share expiring two years from the date of issuance, subject to the same acceleration provision as the Warrants.

No broker commissions were paid with respect to the Flow-Through Offering. However, the Company paid an aggregate amount of $13,674.00 in cash finder's fees to certain finders, which amount equals 8% of the aggregate gross proceeds of subscriptions under the Flow-Through Offering facilitated by such finders.

The Company intends to use the proceeds of the Flow-Through Offering for the exploration of the Company's key projects which include:

  • The Fontaine Gold Project, which is contiguous to, and on trend with, Osisko Development Corp's Cariboo Gold Project 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 x 2.5km width.

  • The high-grade Silver-Gold Kymar Project near Invermere, British Columbia. The Kymar Project has historical production from several sites including the Beulah prospect which showed historical production from 1926 of 2,000gpt silver, 57% lead, 0.8% copper and 3.4gpt gold. (B.C. 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.

The securities issued under both the Non Flow-Through Offering and the Flow-Through Offering are subject to a four month and a day hold period from the date of issuance.

About Green River Gold Corp.

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned, highgrade Fontaine Gold Project, Quesnel Nickel/Cobalt/Talc Project and Kymar Silver Project which are located in renowned mining districts in British Columbia. The properties straddle an 18km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.'s mineral claimgroup containing a proposed mine location at 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 is made up of two mineral tenures, 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
perry.little@greenrivergold.ca
780-993-2193

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com.

Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumption. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Company 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 absent registration or an applicable exemption from the registration requirements. This release 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 shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113954

News Provided by Newsfile via QuoteMedia

CCR:CNX
Green River Gold

Green River Gold


Keep reading...Show less
Green River Gold Corp. Achieves XRF Results Averaging 0.197% Nickel Beginning at Surface in the Initial Hole Drilled on the Deep Purple Target at Quesnel

Green River Gold Corp. Achieves XRF Results Averaging 0.197% Nickel Beginning at Surface in the Initial Hole Drilled on the Deep Purple Target at Quesnel

Green River Gold Corp. (CSE:CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress at the 2022 exploration program at its Quesnel NickelMagnesiumTalc project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

Backpack diamond core drilling is underway at the one square kilometer outcropping known as the Deep Purple Target at the Company's Quesnel Nickel/Magnesium/Talc project. This drilling program will focus on the expansion of mineralization at the Deep Purple Target, near to where the 2021 maiden exploration drilling discovered broad intervals of elevated Nickel concentrations.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Airborne Survey Expands Magnetic Anomalies at the Quesnel Nickel/Magnesium/Talc Project to over 14 Linear Kilometers

Green River Gold Corp. Airborne Survey Expands Magnetic Anomalies at the Quesnel Nickel/Magnesium/Talc Project to over 14 Linear Kilometers

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress at the 2022 exploration program at its Quesnel NickelMagnesiumTalc project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

The following map shows the magnetic anomalies circled in yellow. The map also highlights the location of the 2021 and 2022 drill hole locations. The magnetic anomaly extends over 14 linear kilometers.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Identifies Another Mineralized Talc Outcropping 600 Meters Southeast of the Current Drilling Location and Provides an Update on the Quesnel Nickel/Talc/Magnesium Project

Green River Gold Corp. Identifies Another Mineralized Talc Outcropping 600 Meters Southeast of the Current Drilling Location and Provides an Update on the Quesnel Nickel/Talc/Magnesium Project

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress at the 2022 exploration drilling program at its Quesnel NickelTalcMagnesium project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

To date 2 holes have been drilled in the first phase of the 2022 exploration drilling program by using a portable Winkie drill purchased by the Company late in 2021. The first hole (DD-22-01) was drilled to a depth of 45.6 meters before it was discontinued for technical reasons. The plan is to re-enter that hole and drill it to a greater depth before the current program is completed. The second hole of the 3-hole program is currently at 20.1 meters and, once the remaining snow has melted and ground conditions allow, drilling will recommence.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Commences 2022 Exploration Drilling Program

Green River Gold Corp. Commences 2022 Exploration Drilling Program

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that the 2022 exploration drilling program has started at its Quesnel NickelMagnesium project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

The first phase of the 2022 exploration drilling program will consist of 3 drill holes, approximately 100 meters each, using a portable Winkie drill purchased by the Company late in 2021. The drill sites are being accessed from a major logging road, travelling by snowmobile for the last 3km.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Intercepts 17.80% Magnesium, 0.18% Nickel, and 0.15% Chromium Starting at Surface

Green River Gold Corp. Intercepts 17.80% Magnesium, 0.18% Nickel, and 0.15% Chromium Starting at Surface

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce that it has received the most recent batch of assay results and is now able to present the summary of results from the first shallow hole assayed on its Quesnel NickelMagnesiumTalc Project. The hole was one of nine shallow holes drilled directly from surface from a talc outcropping. Assay results are still pending for the other eight shallow holes. XRF gun samples from all nine holes were very similar.

The following table presents the assay results for each of the one-meter intervals that were sent for assay from the 15-meter hole known as Do-21-06.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
gold and silver coins

VIDEO — Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Best

Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Bestyoutu.be

Now trading just above US$1,800 per ounce, the gold price isn't performing as well as some investors would like. But for Brian Leni, founder of Junior Stock Review, the outlook remains bright.

"To me the value in the precious metals and the overall precious metals thesis is just so strong it's overwhelming," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Leni describes himself as a value investor, and emphasized that for him the precious metals story isn't a question of "if," it's a question of "when" — the key is picking the right companies and being ready to wait.

Keep reading...Show less
gold bars with money

VIDEO — George Salamis: Major Gold Miners Making Money, but Volatility Curbing Big Decisions

George Salamis: Major Gold Miners Making Money, but Volatility Curbing Big Decisionsyoutu.be

Turmoil continues to rock the broader markets, and while the gold price has also suffered declines, George Salamis believes it's holding up well compared to other assets.

"Gold has hung in there pretty well relative to other investments — other commodities, currencies. I think it's held its own," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Salamis, who is the president and CEO of Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG), explained that he also sees gold miners doing well, but thinks volatility is stopping them from making moves.

Keep reading...Show less
Breaker Resources

Breaker Resources


Keep reading...Show less

NOVAGOLD Reports Second Quarter 2022 Financial Results

Donlin Gold's Largest Drill Program in Over 10 Years Advancing in Preparation for Feasibility Work

Strong Treasury of $142 Million in Cash and Term Deposits; $25 Million of Receivables in 2023

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

WHEATON PRECIOUS METALS RECOGNIZED IN CORPORATE KNIGHTS' 2022 LIST OF THE BEST 50 CORPORATE CITIZENS IN CANADA

TSX | NYSE | LSE: WPM

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it has been named to the Corporate Knights' 2022 list of the Best 50 Corporate Citizens in Canada .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Yamana Gold Provides Notice of Second Quarter 2022 Results

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") will release its second quarter 2022 operational and financial results after the market closes on Thursday, July 28, 2022, Eastern Daylight Time ("EDT"). The Company will then host a conference call and webcast to review the results on Friday, July 29, 2022 at 9:00 a.m. EDT.

The Company also plans to provide a pre-release of production for the second quarter with a further update on certain optimizations and project advancements on or around Thursday, July 7, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×