Green River Gold Corp. Announces an Expansion into the Real Estate Development Business
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has announced its expansion into real estate development, focusing on the Edmonton and Northern Alberta region starting in early 2025. The company plans to invest primarily in multi-family residential units, including new building projects, while maintaining its core business of mineral exploration in British Columbia.
The company has signed a letter of intent to collaborate with an experienced Edmonton-based developer and rental property manager, with a final agreement expected by February 15, 2025. The initiative aims to generate cash flow and reduce reliance on capital markets for funding exploration.
The company plans to focus on building 8-plex multi-unit rental properties for resale in established neighborhoods, leveraging new zoning bylaws effective from 2024. Green River is also expecting to close on its previously announced $900,000 convertible debenture offering in the coming days.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ha annunciato la sua espansione nello sviluppo immobiliare, concentrandosi sulla regione di Edmonton e dell'Alberta settentrionale a partire dall'inizio del 2025. L'azienda prevede di investire principalmente in unità residenziali multifamiliari, inclusi nuovi progetti edilizi, mantenendo al contempo il suo core business di esplorazione mineraria nella Columbia Britannica.
L'azienda ha firmato una lettera di intenti per collaborare con un esperto sviluppatore e gestore di proprietà in affitto con sede a Edmonton, con un accordo finale atteso entro il 15 febbraio 2025. L'iniziativa mira a generare flussi di cassa e ridurre la dipendenza dai mercati dei capitali per il finanziamento dell'esplorazione.
L'azienda prevede di concentrarsi sulla costruzione di immobili per affitti multifamiliari 8-plex da rivendere in quartieri consolidati, sfruttando i nuovi regolamenti di zonizzazione in vigore dal 2024. Green River prevede inoltre di chiudere la sua offerta di prestiti convertibili da 900.000 dollari, già annunciata, nei prossimi giorni.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ha anunciado su expansión en el desarrollo inmobiliario, centrando su atención en la región de Edmonton y el norte de Alberta a partir de principios de 2025. La empresa planea invertir principalmente en unidades residenciales multifamiliares, incluidos nuevos proyectos de construcción, al tiempo que mantiene su negocio principal de exploración mineral en Columbia Británica.
La empresa ha firmado una carta de intención para colaborar con un desarrollador experimentado y administrador de propiedades en alquiler con sede en Edmonton, con un acuerdo final esperado para el 15 de febrero de 2025. La iniciativa tiene como objetivo generar flujo de efectivo y reducir la dependencia de los mercados de capital para financiar la exploración.
La empresa planea centrarse en la construcción de propiedades de alquiler multifamiliares de 8 unidades para reventa en vecindarios establecidos, aprovechando los nuevos reglamentos de zonificación que entrarán en vigor en 2024. Green River también espera cerrar su oferta de bonos convertibles de 900,000 dólares anunciada anteriormente en los próximos días.
그린 리버 골드 주식회사 (CSE: CCR) (OTC Pink: CCRRF)는 2025년 초부터 에드먼턴 및 북부 알버타 지역의 부동산 개발로의 확장을 발표했습니다. 이 회사는 브리티시 컬럼비아의 광물 탐사를 중심 사업으로 유지하면서 새로운 건축 프로젝트를 포함하여 주로 다가구 주택에 투자할 계획입니다.
회사는 에드먼턴에 기반을 둔 경험이 풍부한 개발자 및 임대 재산 관리자와 협력하기 위해 의향서를 체결했으며, 최종 계약은 2025년 2월 15일까지 예상됩니다. 이 이니셔티브는 현금 흐름을 생성하고 탐사를 위한 자금 조달을 위해 자본 시장에 대한 의존도를 줄이는 것을 목표로 합니다.
회사는 2024년부터 시행되는 새로운 구역 조례를 활용하여 확립된 이웃에서 재판매를 위한 8-플렉스 다가구 임대 재산 건축에 집중할 계획입니다. 그린 리버는 또한 다음 며칠 내에 이미 발표된 90만 달러 규모의 전환사채 발행을 마감할 것으로 기대하고 있습니다.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) a annoncé son expansion dans le développement immobilier, en se concentrant sur la région d'Edmonton et du nord de l'Alberta à partir de début 2025. La société prévoit d'investir principalement dans des unités résidentielles multifamiliales, y compris de nouveaux projets de construction, tout en maintenant son activité principale d'exploration minière en Colombie-Britannique.
La société a signé une lettre d'intention pour collaborer avec un développeur et gestionnaire de propriétés locatives expérimenté basé à Edmonton, avec un accord final attendu d'ici le 15 février 2025. L'initiative vise à générer des flux de trésorerie et à réduire la dépendance vis-à-vis des marchés de capitaux pour financer l'exploration.
La société prévoit de se concentrer sur la construction de propriétés de location multifamiliales de 8 unités à revendre dans des quartiers établis, en tirant parti des nouveaux règlements de zonage qui entreront en vigueur en 2024. Green River s'attend également à finaliser son émission d'obligations convertibles de 900 000 dollars, déjà annoncée, dans les prochains jours.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) hat seine Expansion in die Immobilienentwicklung angekündigt und konzentriert sich dabei auf die Region Edmonton und Nord-Alberta, beginnend Anfang 2025. Das Unternehmen plant, hauptsächlich in mehrfami-lien Wohnanlagen, einschließlich neuer Bauprojekte, zu investieren und gleichzeitig sein Kerngeschäft der Mineralexploration in British Columbia aufrechtzuerhalten.
Das Unternehmen hat ein Absichtserklärung unterzeichnet, um mit einem erfahrenen Entwickler und Mietverwalter mit Sitz in Edmonton zusammenzuarbeiten, wobei ein endgültiger Vertrag bis zum 15. Februar 2025 erwartet wird. Die Initiative zielt darauf ab, Cashflow zu generieren und die Abhängigkeit von Kapitalmärkten zur Finanzierung von Erkundungen zu verringern.
Das Unternehmen plant, sich auf den Bau von 8-Plex-Mieteinheiten zur Weiterveräuß- erung in etablierten Vierteln zu konzentrieren, wobei es die ab 2024 geltenden neuen Bebauungsrichtlinien nutzt. Green River erwartet außerdem, in den kommenden Tagen seine zuvor angekündigte Wandeldarlehen-Emission über 900.000 Dollar abzuschließen.
- Diversification into real estate development could generate additional cash flow
- Reduced dependence on capital markets for exploration funding
- Imminent closing of $900,000 convertible debenture offering
- Strategic entry into Edmonton's affordable real estate market
- Potential resource dilution between mining and real estate operations
- Risk of entering new business sector without direct prior experience
- Additional capital requirements for real estate development
PRESS RELEASE HIGHLIGHTS:
Green River will be entering the real estate development businesses, with a focus on the Edmonton and Northern Alberta region, beginning early in calendar 2025.
The Company's primary business will continue to be exploration and development of its mineral properties in British Columbia.
The new business will be a separate division involving a new senior manager with expertise and a track record of success in real estate development, particularly in the Edmonton region.
Edmonton, Alberta--(Newsfile Corp. - January 24, 2025) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) ("the Company" or "Green River") has signed a letter of intent to work with an experienced Edmonton, Alberta based developer and rental property manager to develop real estate projects in the Edmonton region. The Company intends to invest primarily in multi-family residential units, including new building projects.
A final agreement with the Edmonton based developer and property manager is expected to be signed by February 15, 2025. Further announcements and details on planned projects will be announced as they are finalized.
Perry Little, President and CEO of Green River comments, "Green River is not abandoning its primary business of exploration and development of mineral properties in British Columbia. This diversification and expansion move is being made to generate cash flow and reduce our reliance on the capital markets for funding exploration. Having lived in Edmonton for the past 45 years, I have watched the residential real estate market go through many cycles. The City is currently experiencing rapid population growth as families move from other Provinces where real estate is priced considerably higher. The Edmonton market has not experienced the rapid price appreciation that has happened in parts of British Columbia and Southern Ontario in recent years. Prices are among the most affordable of the larger cities in Canada. Also, taxes are quite low compared to other Provinces, with Alberta remaining the only Province with no Provincial Sales Tax. Our initial focus will be on building smaller (8-plex) mult-unit rental properties for resale in established neighbourhoods. New zoning bylaws that came into effect at the beginning of 2024 have opened up an opportunity in that market segment. The developer and builder we will be working with have significant experience in that area of the market."
The Company expects to close within the next few days on its
About Green River Gold Corp.
Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly-owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are located in renowned mining districts in British Columbia.
The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometres and straddle a 32-kilometre length of the Barkerville and Quesnel Terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.
The Kymar Silver Project is located in southeast BC, approximately 28 kilometres west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totalling 1,625 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.sedarplus.ca.
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 assumptions. 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/238293
FAQ
When will Green River Gold Corp (CCRRF) begin its real estate development operations in Edmonton?
What type of real estate properties will CCRRF develop in Edmonton?
When will CCRRF finalize its agreement with the Edmonton-based developer?
How much is CCRRF's convertible debenture offering announced in late 2024?
Will CCRRF continue its mineral exploration business in British Columbia?
