Green Bridge Metals Completes Initial $2M Share Payment Under Encampment Minerals Agreement

Executive Summary

• Green Bridge Metals completed the initial share payment of its definitive agreement with Encampment Minerals, issuing 22,222,222 units at a deemed price of $0.09 per unit for an aggregate value of $2 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; warrants allow acquisition of additional shares at $0.15 for three years.
• Units are subject to a four‑month‑plus statutory hold period and a staged escrow release (25% after hold, then 25% each at 6‑, 12‑, and 18‑month anniversaries).

Key Details

• Units Issued: 22,222,222 units
• Deemed Unit Price: $0.09 per unit
• Total Consideration: $2,000,000 (aggregate value)
• Unit Composition: 1 common share + ½ warrant per unit
• Warrant Terms: Right to purchase one additional share at $0.15; exercisable for three years from issuance date.
• Statutory Hold Period: Four months and one day from issuance, per securities law requirements.
• Escrow Release Schedule:
• 25% of units released after statutory hold period expires.
• Additional 25% released on each of the 6‑month, 12‑month, and 18‑month anniversaries of the issuance date.
• Definitive Agreement Date: May 8 2025 (with Encampment Minerals, Inc.)
• Purpose / Use of Proceeds: Not detailed in release; referenced as “proposed non‑brokered private placement” with forward‑looking statements about use of proceeds.

Notable Quotes

“On behalf of Green Bridge Metals,” – David Suda, President and Chief Executive Officer

Materiality Assessment: Material – Positive (completion of a $2 million financing round that provides significant capital for the company’s exploration activities).