Gold Runner Exploration Announces Non Brokered Private Placement

Executive Summary

• Gold Runner Exploration Inc. announced a non‑brokered private placement to raise up to $920,000 by selling 4,600,000 units at $0.20 per unit.
• Each unit consists of one common share and one common share purchase warrant (exercise price $0.40, 60‑month term).
• Net proceeds are earmarked for exploration and development of U.S. assets, geological evaluation in Canada, claim and option payments, working capital, and general corporate purposes.

Key Details

• Offering size: Up to 4,600,000 units at $0.20 per unit → gross proceeds up to $920,000.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Exercise price $0.40 per share; exercisable for 60 months from closing.
• Hold period: Securities subject to a hold‑period of 4 months and 1 day after issuance (per Canadian securities law).
• Use of proceeds:
• Exploration & development of U.S. projects
• Geological evaluation of Canadian opportunities
• Claim and option payments for existing projects
• Working capital & general corporate purposes
• Finder’s fees: May be paid to eligible arm‑length third parties in cash and/or broker warrants; each broker warrant exercisable at $0.40 per share for a 2‑year period.
• Regulatory status: Offering not registered under the U.S. Securities Act; subject to CSE approval (already obtained an exemption from shareholder approval).
• CSE exemption rationale: Financial hardship, agreement in place, no related parties participating, and majority independent director support.

Notable Quotes

“The capital raised will enable us to advance our flagship Rock Creek project and pursue additional high‑potential targets across North America.” – Chris Wensley, Director and CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.