Greenridge Exploration Announces Flow-Through Financing

Executive Summary

• Greenridge Exploration Inc. announced a non‑brokered private placement of up to 5,714,286 flow‑through units for gross proceeds of up to C$2 million.
• Each unit consists of one common share (flow‑through share) and one warrant to purchase an additional common share at C$0.40 for 24 months.
• Proceeds will be used to fund eligible Canadian exploration expenses on the Company’s project portfolio, with all qualifying expenditures renounced to investors effective Dec 31 2025.

Key Details

• Offering Size: Up to C$2,000,000 gross proceeds.
• Units Offered: Up to 5,714,286 flow‑through units (FT Units).
• Price per Unit: C$0.35.
• Unit Composition:
• 1 common share issued as a flow‑through share (FT Share).
• 1 warrant to purchase 1 common share at C$0.40, exercisable for 24 months from issuance.
• Use of Proceeds: Entire amount earmarked for “eligible Canadian exploration expenses” that qualify as flow‑through mining expenditures on Greenridge’s Canadian projects.
• Renunciation: All qualifying expenditures will be renounced to unit subscribers effective December 31, 2025.
• Regulatory Framework: Offering relies on the “accredited investor” and “minimum amount investment” exemptions under NI 45‑106; units subject to a statutory hold period of four months plus one day after closing.
• Finder’s Fees: Company may pay finder’s fees to third parties sourced by finders.
• Closing Conditions: Subject to receipt of all necessary approvals, including CSE approval.

Notable Quotes

“The private placement provides us with the capital needed to advance our exploration programs across a diversified portfolio of critical‑metal projects in Canada.” – Russell Starr, CEO & Director, Greenridge Exploration Inc.