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M&A / Property

Ross River investor Canal Front acquires 700,000 shares

By The Northwire Desk — AI Analysis Dec 30, 2025 · 18:18 RRM · 0.05 Ross River Minerals Inc
RRM · Price

Executive Summary

  • Canal Front Investments Inc. purchased an additional 700,000 common shares of Ross River Minerals Inc., increasing its ownership to approximately 11.67% of the outstanding share capital.
  • The transaction was completed at a price of $0.045 per share for total consideration of $31,500.
  • Prior to the purchase, Canal Front held 304,000 shares (≈3.53%); after the deal it holds a total of 1,004,000 shares.

Key Details

  • Shares Acquired: 700,000 common shares representing ~8.14% of Ross River’s issued and outstanding common shares as of Dec. 24 2025.
  • Post‑Transaction Ownership: 1,004,000 total shares held by Canal Front (≈11.67% of the company).
  • Purchase Price: $0.045 per share; aggregate consideration paid was $31,500.
  • Previous Holding: 304,000 shares (≈3.53% of outstanding shares) before the transaction.
  • Purpose: Shares are held for investment purposes; Canal Front may acquire additional securities, dispose of existing holdings, or maintain its current position in the future.
  • Regulatory Filing: The related securities report is available on SEDAR+ under Ross River Minerals Inc.’s profile.
Read the original news release →