Financings
Cross River Announces Update to Non-Brokered Private Placement
CRVC · Price
Executive Summary
- Cross River Ventures Corp. announced a non‑brokered private placement of up to 144 million common shares at CAD $0.005 per share, targeting gross proceeds of up to $720,000.
- Net proceeds will be used to pay outstanding liabilities and for general working capital.
- Closing is expected around November 21, 2025, subject to customary conditions and regulatory approvals.
Key Details
- Offering size: Up to 144,000,000 common shares.
- Price per share: CAD $0.005.
- Gross proceeds target: $720,000 (CAD equivalent).
- Use of proceeds: Repayment of outstanding liabilities and working capital.
- Hold period: Shares subject to a four‑month‑and‑one‑day hold period from issuance date.
- Expected closing date: On or about November 21, 2025, contingent on required approvals (including CSE approval).
- Finder’s fees/commissions: Company may pay eligible persons in accordance with securities laws and CSE policies.
- Regulatory disclaimer: No U.S. registration; offering not available to U.S. persons absent exemption.
Notable Quotes
- “We are pleased to proceed with this financing, which will strengthen our balance sheet and support ongoing operations,” – Sam Wong, CEO.