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Cross River Completes $1.93 Million Private Placement


On December 23, 2020, Cross River Ventures Corp. closed a brokered private placement offering of flow-through units at a price of $0.37 per flow-through unit for aggregate gross proceeds of approximately $1.93 million.

Each flow-through unit consists of one common share of Cross River and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of Cross River at an exercise price of $0.46 for a period of 36 months following the closing date.

Cassels acted for Cross River with a deal team that included Sam Cole and Randall Blom (Securities and Mining).

RELATED EXPERTISE: Securities | Mining