Gold Runner Exploration Upsizes Non-Brokered Private Placement Financing of Flow-Through Units and Charity Flow Through Units to $3,100,000
Gold Runner Exploration Upsizes Non-
Brokered Private Placement Financing of
Flow-Through Units and Charity Flow Through
Units to $3,100,000
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Gold Runner Exploration Inc.
(CSE:
GRUN) (FSE: CE70)
("
Gold Runner
" or the "
Company
") is pleased to announce that due to strong
investor demand it is upsizing its previously announced private placement financing (the "
Offering
") from
proceeds of up to $1,500,000 to proceeds of up to $3,100,000 consisting of Critical Minerals
Exploration Tax Credit ("
CMETC
") flow-through units ("
FT Units
") of the Company at a price of $1.45
per FT Unit and charity flow-through Units ("
Charity FT Units
", and collectively with the "
FT Units
", the
"
Units
") at a price of $1.45 per Charity FT Unit. The Company reserves the right to increase the size of
the Offering, subject to the approval of the Canadian Securities Exchange (the "
Exchange
"). Each Unit
will be comprised of one common share ("
Common Share
") of the Company and one Common Share
purchase warrant (the "
Warrants
"), and each Warrant will entitle the holder thereof to acquire one
Common Share of the Company at a price of $1.50 per Common Share for a period of 36 months from
the date of issuance.
Net proceeds from the Offering will be used for exploration of the Company's Golden Girl property
situated in the Golden Triangle of British Columbia. The Company optioned the Golden Girl Property
from the B-ALL Syndicate, the same team that generated and staked Goliath Resources
(TSXV: GOT)
,
Surebet Discovery, and contributed to advancing that discovery to where it is today. The B-ALL
Syndicate also generated and staked the Big One discovery that was subsequently optioned to
Juggernaut Exploration
(TSXV: JUGR)
and is situated adjacent to Galore Creek. Golden Girl is located
approximately midway between Goliath's Surebet Discovery and Juggernaut's Big One discovery.
This Offering qualifies for the Critical Mineral Exploration Tax Credit (CMETC) and each Unit shall be
comprised of one common share of the Company that will qualify as a CMETC "flow-through share"
(within the meaning of subsection 66(15) of the
Income Tax Act
(Canada)). The Company will incur
expenditures that will qualify as "Canadian Exploration Expenses" and "flow-through critical mineral
mining expenditures" as those terms are defined in the
Income Tax Act
(Canada), which will be
renounced to the purchasers of the FT Units with an effective date no later than December 31, 2026.
The Company may pay finder's fees to eligible arm's-length third parties on gross proceeds of the
Offering, consisting of 6% cash and/or 6% broker warrants, with each broker warrant exercisable for a
period of 36 months from the date of issuance at a price of $1.50 per Common Share.
The securities have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the "
U.S. Securities Act
"), or any U.S. state security laws, and may not be offered or sold
in the United States without registration under the U.S. Securities Act and all applicable state securities
laws or compliance with requirements of an applicable exemption therefrom. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
The securities issued under the Offering will have a hold period expiring four months and one day from
the date of issuance pursuant to applicable Canadian securities laws. Closing of the Offering remains
subject to regulatory approvals, including approval of the Exchange.
The Company also announces that, further to its press release dated February 27, 2026, the Company
has corrected the aggregate number of stock options issued from 2,500,000 stock options previously
disclosed to 1,250,000 stock options ("
Options
") granted and has issued such Options to certain
directors, officers, employees, and consultants of the Company. The Options have the same terms as
previously disclosed with an exercise price of $1.22 per common share, vesting immediately, expiring
five (5) years from the date of grant, and are subject to approval by the Canadian Securities Exchange.
On Behalf of the Board of Directors,
"Chris Wensley"
Chris Wensley, Director & Chief Executive Officer
About Gold Runner Exploration Inc.
Gold Runner Exploration is an exploration company focused on the exploration and development of
its portfolio of gold and silver properties located in the prolific mining districts of Canada and the
United States of America. In British Columbia, Gold Runner holds the option to acquire a 100%
interest in the Golden Girl Property, located in the prolific Golden Triangle of Northwestern British
Columbia. In North Central Nevada, the Company holds the Rock Creek gold project, the Falcon
Mine project, and the Dry Creek project, located in the Tuscarora Mountains in close proximity to the
world-renowned Carlin Trend. Gold Runner also holds a 10% carried interest in the Cimarron project
located in the San Antonio Mountains of Nye County, Nevada, within the Walker Lane Trend.
For further information, please contact:
Chris Wensley, Chief Executive Officer and Director
639 5
th
Ave, Suite 1250
Calgary, Alberta T2P 0L3
Website:
www.goldrunnerexploration.com
Email:
Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information"
under applicable securities laws. All statements in this release, other than statements of historical
facts, including but not limited to those that address the Offering, completion (if any) and timing of the
same and proposed use of proceeds from the Offering, acquisition of any properties and future work
thereon, mineral resource and reserve potential, exploration activities and corporate initiatives.
Although the Company believes the expectations expressed in such statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in the forward-looking information. These
include the results of the Company's due diligence investigations, market prices, exploration
successes, continued availability of capital financing, and general economic, market or business
conditions, and those additionally described in the Company's filings with the Canadian securities
authorities.
Investors are cautioned that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the forward-looking information.
For more information on the Company, investors are encouraged to review the Company's public
filings at
www.sedarplus.ca
. The Company disclaims any intention or obligation to update or revise
any forward- looking information, whether as a result of new information, future events or otherwise,
other than as required by law
.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/289517