Walker Closes Private Placement
Suite 830-1130 West Pender St Vancouver, B.C. V6E 4A4 Tel : 819 874-0030 Fax : 819 825-1199 _________________________________________________________________________________________
Trading Symbol: WRR
NEWS RELEASE
WALKER CLOSES PRIVATE PLACEMENT
Vancouver, B.C. May 1, 2017 - Walker River Resources Corp. (“Walker” or the “Company”) (TSX- V: “WRR”) is pleased to report it has closed its non-brokered private placement previously announced on April 19, 2017, raising gross proceeds of $700,000.00.
The non-brokered private placement consisted of 10,000,000 units (the “Units”, and each a “Unit”) at a price of $0.07 per Unit (the “Private Placement”). Each Unit consisted of one common share (the “Share”) and one Share purchase warrant (the “Warrant”), whereby each Warrant is exercisable into one Share for a period of two (2) years from closing at a price of $0.12 per Share.
The Warrants contain an acceleration provision that, in the event the closing sale price of Walker’s Shares on the TSX Venture Exchange is $0.25 or greater for a period of ten (10) consecutive trading days, then the warrant holders will have thirty (30) days to exercise their warrants; otherwise the warrants will expire on the 31st day.
The Company has paid $47,835.20 cash in commissions on the Private Placement, along with 683,364 non-transferable finder’s warrants, each entitling its holder to acquire one common share at $0.12 for a two
(2) period after closing of the private placement. All securities issued above are subject to a hold period expiring on September 2, 2017, being four months and one day after closing of the private placement.
Proceeds of the private placement will be used for work on the Company's mineral properties and general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michel David”
________________________ Michel David, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030 Fax: 819 825-1199 Email: [email protected] Website: www.wrrgold.com
Neither TSX Venture Exchange Nor Its Regulation Service Provider (As That Term Is Defined In The Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This News Release.