Northwire Canada EditionFriday, July 31, 2026
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Financings

Green Bridge Announces Closing of Non-Brokered Private Placement for Gross Proceeds of C$4 Million

GRBM · Price

Executive Summary

  • Green Bridge Metals closed a fully‑subscribed, non‑brokered private placement of 33,333,333 units at $0.12 per unit, raising $4,000,000 in gross proceeds.
  • Each unit consists of one common share and one warrant (exercisable until Feb 3 2029 at C$0.15).
  • Prominent mining investor Russell Starr purchased 6,000,000 units and joined the company as a Strategic Advisor.

Key Details

  • Offering Size & Price: 33,333,333 units @ $0.12 per unit → $4,000,000 gross proceeds.
  • Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
  • Warrant Terms: Exercise price C$0.15; exercisable until Feb 3 2029.
  • Net Proceeds Use: Support existing operations and general working capital.
  • Statutory Hold Period: Four months and one day from closing date.
  • Finder Compensation: $102,700.01 cash fees; 100,000 finder shares + 855,833 finder warrants issued.
  • Administrative Fee Shares: 333,333 common shares (≈1 % of total units) issued to a third‑party as an admin fee.
  • Strategic Advisor Appointment: Russell Starr acquired 6,000,000 units and will serve as Strategic Advisor; background includes senior roles at Cayden Resources, Auryn Resources, Trillium Gold (Renegade), and DeFi Technologies.
  • Regulatory Notice: Securities not registered under U.S. securities laws; offering limited to non‑U.S. persons per Regulation S.

Notable Quotes

  • “We are pleased to announce that famed mining investor, Mr. Russell Starr, acquired 6,000,000 Units under the Offering and has joined the Company as a Strategic Advisor.” – David Suda, President & CEO

All boilerplate, forward‑looking statements, and disclaimer text have been omitted for brevity.

Read the original news release →

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