Walker River Resources closes $1-million financing

Executive Summary

• Walker River Resources Corp. closed a non‑brokered private placement of 4 million units at $0.25 per unit, raising gross proceeds of $1 million.
• Each unit includes one common share and one warrant exercisable at $0.33 per share for 24 months; warrants are subject to a four‑month statutory hold period expiring March 8 2026.
• Proceeds will be used primarily to finance work on the company’s mineral properties and for general working capital, pending regulatory approvals.

Key Details

• Units Issued: 4,000,000 units at $0.25 per unit.
• Gross Proceeds: Approximately $1,000,000.
• Unit Composition: 1 common share + 1 share purchase warrant per unit.
• Warrant Terms: Exercise price $0.33 per share; exercisable for 24 months from closing date.
• Statutory Hold Period: Four‑month hold on all securities, expiring March 8 2026.
• Use of Proceeds: Primarily to finance exploration and development work on Walker River’s mineral properties and for general working capital.
• Regulatory Conditions: Completion subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes provided in the release.)