Bird River Resources closes fourth tranche of financing

Executive Summary

• Bird River Resources Inc. closed a fourth tranche of its non‑brokered private placement, raising approximately $709,299 in gross proceeds.
• The total amount raised across all four tranches now equals $2,387,746.56, representing the issuance of 8,866,239 common shares at $0.08 per share.
• Early‑warning disclosure reveals that Entertainment Insurance Consultants Inc. purchased 8,590,791 shares (≈13.98% of outstanding shares on a non‑diluted basis).

Key Details

• Tranche Size & Pricing: 8,866,239 common shares issued at $0.08 per share; gross proceeds of $709,299.12 for this tranche.
• Cumulative Financing: Combined gross proceeds from all four tranches total $2,387,746.56.
• Use of Proceeds: Funds will be applied to general corporate and working‑capital requirements.
• Placement Terms: Non‑brokered best‑efforts private placement; no finders’ fees or commissions paid. Shares subject to a resale hold period of four months and one day.
• Early Warning Disclosure – Major Subscriber: Entertainment Insurance Consultants Inc. acquired 8,590,791 shares under the subscription agreement, representing ~13.98% of issued and outstanding shares on a non‑diluted basis.
• Subscriber Intentions: The subscriber purchased for investment purposes and may adjust its ownership position over time based on market conditions and other factors.

Notable Quotes

(No executive quotes were provided in the release.)