Cross River Announces Closing of Private Placement

Executive Summary

• Cross River Ventures Corp. closed a non‑brokered private placement issuing 144 million common shares at $0.005 per share, generating gross proceeds of $720,000.
• Proceeds are earmarked to pay outstanding liabilities and support working capital needs.
• All issued securities are subject to a hold period of four months and one day pending regulatory approvals.

Key Details

• Shares Issued: 144,000,000 common shares
• Price per Share: $0.005 CAD
• Gross Proceeds: $720,000 CAD
• Use of Proceeds: Repayment of outstanding liabilities; working capital for ongoing operations.
• Placement Type: Non‑brokered private placement (non‑public offering).
• Regulatory Conditions: Closing subject to receipt of all required approvals, including final acceptance by the Canadian Securities Exchange.
• Hold Period: Securities subject to a hold period expiring four months and one day from closing date.
• CEO Signature: Sam Wong, CEO, on behalf of the Board of Directors.

Notable Quotes

• “The Company intends to use the proceeds from the Private Placement to pay outstanding liabilities and for working capital purposes.” – Sam Wong, CEO

All forward‑looking statements are subject to risks and uncertainties described in the company’s public filings.