Gold Runner increases financing to $3.1-million

Executive Summary

• Gold Runner Exploration Inc. upsized its private placement from up to $1.5 M to up to $3.1 M of CMETC flow‑through units and charity flow‑through units at $1.45 per unit.
• Each unit consists of one common share and one warrant (exercise price $1.50, 36‑month term); net proceeds will fund exploration on the Golden Girl property in BC’s Golden Triangle.
• The company corrected its previously disclosed stock option pool to 1.25 M options (vs. 2.5 M) granted to directors, officers, employees and consultants at $1.22 exercise price.

Key Details

• Offering Size: Upsized to a maximum of $3,100,000 in gross proceeds.
• Unit Pricing: $1.45 per CMETC flow‑through unit and $1.45 per charity flow‑through unit.
• Unit Composition: 1 common share + 1 common‑share purchase warrant (exercise price $1.50, exercisable for 36 months).
• Use of Proceeds: Dedicated to exploration activities on the Golden Girl property, optioned from the B‑ALL Syndicate in BC’s Golden Triangle.
• Tax Qualification: Units qualify for the Critical Mineral Exploration Tax Credit (CMETC); flow‑through expenditures will be renounced to purchasers by Dec 31 2026.
• Finder’s Fees: Up to 6% cash and/or 6% broker warrants on gross proceeds; broker warrants exercisable at $1.50 per share for 36 months.
• Holding Period: Securities subject to a hold period of four months and one day from issuance under Canadian securities law.
• Closing Conditions: Subject to regulatory approvals, including CSE approval.
• Stock Option Correction: Revised total options issued to 1.25 M (down from 2.5 M); exercise price $1.22, vesting immediately, 5‑year term, approved by the Canadian Securities Exchange.

Notable Quotes

(No direct quotes were provided in the release.)