Walker Arranges Private Placement
Walker Arranges Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) -
Walker River Resources Corp.
(
TSXV:
WRR
) ("
Walker
" or the "
Company
") is pleased to announce it has arranged a non-brokered
private placement of up to 30,000,000 units (the "
Units
", and each a "
Unit
") at a price of $0.10 per Unit
to raise aggregate proceeds of up to $3,000,000 (the "
Private Placement
").
Each Unit shall consist of one common share (a "
Share
") and one Share purchase warrant (the
"
Warrant
"), whereby each Warrant shall be exercisable into one Share for a period of three (3) years
from closing at a price of $0.13 per Share.
In connection with the Offering, the Company may pay cash finders' fees to eligible finders of up to 8% of
the gross proceeds received and may issue warrants equal to 8% of the Units placed ("
Finders
Warrants
"). The Finders' Warrants will have the same terms as the Warrants forming part of the Units.
Proceeds of the Private Placement will be used for work on the Company's mineral properties and
general working capital.
All securities to be issued in connection with the Private Placement shall be subject to a four-month hold
period in accordance with applicable securities legislation. Closing of the first tranche and the remainder
of the Private Placement shall be subject to receipt of acceptance by the TSX Venture Exchange.
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:
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.
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