- Blue River (BXR) issued 43,333,333 units for gross proceeds of $650,000
- Each unit consists of one common share and one transferable share purchase warrant
- Proceeds will be used for mineral exploration on the company’s Castle Copper Project and for general working capital
- Blue River Resources is a mineral exploration company
- Blue River Resources Ltd. (BXR) is currently trading at C$0.02 per share
Blue River (BXR) has closed its non-brokered private placement raising gross proceeds of $650,000.
The company issued 43,333,333 units at a price of $0.015 per unit.
Each unit consists of one common share and one transferable share purchase warrant. Each warrant is exercisable for one additional share at a price of $0.05 for a period of 3 years from the date of closing.
No finder’s fees were paid in connection with the offering.
The shares and warrants are subject to a 4-month hold period.
Proceeds will be used for mineral exploration on the company’s Castle Copper Project and for general working capital.
Blue River Resources is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties.
Blue River Resources Ltd. (BXR) is currently trading at C$0.02 per share.