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Green River Gold Corp. is a Canadian mineral exploration company with a focus on its Fontaine Gold, Quesnel Nickel, and Kymar Silver projects in British Columbia. The company recently received encouraging assay results for its drilling operations at the 100%-owned Quesnel Nickel Project, revealing significant nickel, magnesium, cobalt, and chromium mineralization in bedrock. With ongoing drilling programs and metallurgical testing, Green River is poised to leverage the extensive mineralization to drive future growth and development in the Cariboo Mining District.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has announced two key financial moves:
1. Launch of Convertible Debenture Offering: The company plans to raise up to CAD$900,000 through a non-brokered private placement of convertible debentures. These debentures will mature in 5 years, bear 11% annual interest, and be convertible to common shares at $0.06 per share.
2. Closure of Flow-Through Share Offering: Green River has completed its previously announced private placement, issuing 3,584,819 units at $0.055 per unit, raising CAD$197,165.05. Each unit includes one flow-through share and half a warrant exercisable at $0.08 for four years.
The company plans to use the proceeds for drilling, exploration, expanding placer mining operations, and working capital.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) has made significant progress since starting mining operations at its Wabi Placer Mining Project in late June 2024. The company has reported promising results, leading to strategic decisions to enhance production capabilities. Key developments include:
1. Doubling throughput by adding more mining equipment
2. Plans for further expansion of production in the future
3. Intention to add additional placer mining operations to increase cash flow
These initiatives demonstrate Green River Gold's commitment to growth and optimizing its mining operations, potentially leading to improved financial performance and shareholder value.
Green River Gold Corp. has begun placer gold mining on its fully permitted Wabi claim, located on the Swift River. This marks a significant step towards the company's goal of generating self-sustaining cash flow from operations. All necessary equipment is in place and operational. The Wabi claim is fully owned by Green River Gold and is situated 45 minutes from its field headquarters in Quesnel, British Columbia. This operation aims to provide immediate cash flow, supporting the company's exploration of longer-term projects, including the Quesnel Nickel critical minerals project and the Fontaine Gold and Kymar Silver precious metals projects. Drilling on the Quesnel Nickel Project will commence soon. The Swift River project includes 1,112 hectares of placer mining claims.
Green River Gold Corp. (CSE: CCR, OTC Pink: CCRRF) announced the final closing of its non-brokered private placement, issuing 3,940,000 units at $0.05 each, raising CAD$197,000. Each unit includes one common share and one warrant, exercisable at $0.06 for five years, with possible acceleration if the share price exceeds $0.15 for ten consecutive days. The funds are intended for exploration, working capital, and corporate purposes. Additionally, the company launched a new private placement aiming to raise up to $550,000 through the issuance of 10,000,000 flow-through shares and warrants, with proceeds directed towards exploration drilling at the Quesnel Nickel Project.
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