- Cross River Ventures Corp. (CRVC) has closed a non-brokered private placement offering of flow-through and non-flow-through units for $2,656,777
- Cross River issued 11,275,730 flow-through units at a price of $0.14 per flow-through unit
- It also issued 8,625,400 non-flow-through units at a price of $0.125 per non-flow-through unit
- The gross proceeds from the sale of the flow-through units will be used to incur eligible Canadian exploration expenses related to the company’s mining projects
- Cross River paid a finder’s fee of $67,483 by issuing 697,950 warrants and 214,200 common shares to certain arms-length parties
- Cross River Ventures Corp. (CRVC) is down 4.17 per cent trading at $0.11 per share as of 3:04 p.m. EST
Cross River Ventures Corp (CRVC) has closed a non-brokered private placement for gross proceeds of $2,656,777.
Cross River issued 11,275,730 flow-through units at a price of $0.14 per unit.
It also issued 8,625,400 non-flow-through units at a price of $0.125 per unit.
Each unit consists of one common share and one-half-of-one common share purchase warrant.
Each whole purchase warrant is exercisable to acquire an additional common share at a price of $0.20 until December 15, 2024.
The gross proceeds from the sale of the flow-through units will be used to incur eligible Canadian exploration expenses related to the company’s mining projects.
Cross River paid a finder’s fee of $67,483 by issuing 697,950 warrants and 214,200 common shares to certain arms-length parties.
All securities issued are subject to a statutory hold period until April 16, 2022.
Cross River is a gold exploration company focused on the development of top-tier exploration properties located in emerging Greenstone Districts of NW Ontario, Canada.
It controls a 28,000-hectare multiple project portfolio with a highly prospective ground in and among prolific, gold-bearing greenstone belts.
Cross River Ventures Corp. (CRVC) is down 4.17 per cent trading at $0.11 per share as of 3:04 p.m. EST.
