Gold Runner closes $4.45-million private placement

Executive Summary

• Gold Runner Exploration Inc. closed a non‑brokered private placement, raising gross proceeds of $4,451,961 from the sale of 4,589,651 units at C$0.97 per unit.
• Each unit includes one common share and one warrant to purchase an additional share at $1.50 for 36 months; securities are subject to a four‑month hold period.
• Net proceeds will fund exploration and development activities in the United States and Canada, cover claim/option payments, and support general working capital.

Key Details

• Gross proceeds: $4,451,961 (C$0.97 per unit).
• Units sold: 4,589,651 units; each unit = 1 common share + 1 common share purchase warrant.
• Warrant terms: Exercise price $1.50 per share; exercisable for 36 months from issuance.
• Hold period: Securities locked for 4 months + 1 day pursuant to Canadian securities law.
• Regulatory condition: Closing subject to approval by the Canadian Securities Exchange.
• Use of proceeds:
• Exploration and development of company’s gold‑silver assets.
• Payment of claims and option fees on U.S. and Canadian projects.
• General working capital.
• Finder’s fees paid: $77,358 in cash plus 79,751 broker warrants (exercisable at $1.50 per share for 36 months).
• Finders involved: Canaccord Genuity Corp., Ventum Financial Corp., Leede Financial Inc., Haywood Securities Inc., and Redplug Inc.

Notable Quotes

(No direct quotes were provided in the release.)