Gold Runner Exploration Announces Institutional Supported Non-Brokered Private Placement of up to $4,462,000

Executive Summary

• Gold Runner Exploration Inc. announced a non‑brokered private placement to raise up to $4,462,000 by selling up to 4,600,000 units at $0.97 per unit.
• Each unit consists of one common share and one warrant to purchase an additional share at $1.50 for 36 months; warrants are subject to a four‑month hold period.
• Net proceeds will be used to fund exploration and development of the Company’s U.S. and Canadian projects, pay option fees, and support general working capital.

Key Details

• Offering Size: Up to 4,600,000 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.97, representing a gross raise of up to $4,462,000.
• Warrant Terms: One‑share purchase warrant exercisable at $1.50 per share for 36 months from issuance.
• Hold Period: Securities subject to a hold period expiring four months and one day after issuance (per Canadian securities law).
• Closing Conditions: Subject to regulatory approvals, including CSE approval.
• Use of Proceeds:
• Exploration and development of assets in the USA and Canada.
• Payment of claim and option fees on existing projects.
• General working capital.
• Finder’s Fees: May be paid to eligible third parties at 6% cash and/or 6% broker warrants (broker warrants exercisable at $1.50 per share for 36 months).
• Regulatory Disclaimer: Offering not registered in the United States; cannot be offered or sold to U.S. persons unless an exemption applies.

Notable Quotes

(No direct quotes were provided in the release.)