Bird River Announces Closing of 4th Tranche of Common Share Financing For Gross Proceeds of Approximately $709,299 and Early Warning Disclosure

Executive Summary

• Bird River Resources Inc. closed a fourth tranche of its non‑brokered best‑efforts private placement, raising $709,299.12 in gross proceeds.
• The offering comprised 8,866,239 common shares at $0.08 per share, bringing total proceeds from all four tranches to $2,387,746.56.
• Entertainment Insurance Consultants, Inc. acquired 8,590,791 shares (≈13.98% of the issued and outstanding shares on a non‑diluted basis) under the same offering.

Key Details

• Offering Structure: Non‑brokered best‑efforts private placement of common shares; no finders’ fees or commissions paid.
• Price & Quantity: 8,866,239 Common Shares issued at $0.08 per share.
• Gross Proceeds: $709,299.12 for the fourth tranche; cumulative gross proceeds from all four tranches total $2,387,746.56.
• Use of Proceeds: General corporate and working capital requirements of the Company.
• Resale Restrictions: Hold period of four months and one day from issuance per Canadian securities law.
• Subscriber Details (Early Warning Disclosure):
• Entertainment Insurance Consultants, Inc. subscribed for 8,590,791 shares.
• Represents approximately 13.98% of the Company’s issued and outstanding shares on a non‑diluted basis.
• Subscriber intends to monitor its investment and may adjust its ownership over time.
• Regulatory Notices: Offering conducted under exemptions from prospectus requirements; securities not registered in the United States.

Notable Quotes

(No direct quotes were provided in the release.)