Northwire Canada EditionFriday, September 11, 2026
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Financings

Cross River Announces Update to Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Nov 11, 2025 · 16:45 CRVC · 0.005 Cross River Ventures Corp.
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.
Read the original news release →

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Financings