Walker River Resources Announces Non-Brokered Private Placement
Suite 820-1130 West Pender St
Vancouver, B.C.
V6E 4A4
Tel : 819 874-0030
Fax : 819 825-1199
_________________________________________________________________________________________
Trading Symbol: WRR
// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //
NEWS RELEASE
WALKER RIVER RESOURCES ANNOUNCES NON-BROKERED PRIVATE
PLACEMENT
Vancouver, B.C. May 26, 2023 - Walker River Resources Corp. (“Walker” or the “ Company”) (TSX-V:
WRR) is pleased to announce a non-brokered private placement of up to 3,125,000 units (the “Units”) of the
Company at a price of $0.16 per Unit for aggregate proceeds of $500,000.00 (the “Private Placement”). Each
Unit shall consist of one (1) common share (“Share”) in the capital of the Company and one (1) Share purchase
warrant (“Warrant”), whereby each Warra nt shall be exercisable by the warrant holder to acquire one (1)
additional Share at a price of $0.20 for a period of 24 months from the closing of the Private Placement (the
“Closing Date”).
The proceeds of the Private Placement will be used primarily to fund work on the Company’s mineral properties
and for general working capital purposes.
In consideration of the introduction to the Company of investors in the Private Placement, finder's fee may be
paid in cash or in securities of the Company in accordance with applicable securities laws and TSX Venture
Exchange policies. Completion of the Private Placement will be subject to receipt of all necessary regulatory
approvals, including approval of the TSX Venture Exchange.
It is anticipated that insiders of the Company may participate in the Private Placement. Any such participation
will constitute a related party transaction as defined under Multilateral Instrument 61 -101 - Protection of
Minority Security Holders in Special Transactions (“MI 61 -101”). The Company intends to rely on the
exemption from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of
MI 61-101 and the exemption from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to
Subsection 5.7(1)(a) of MI 61-101.
The securities issued in connection with the Private Placement will be subject to a statutory four -month hold
period under applicable Canadian securities laws commencing on the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
the United States. The securities offered 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 state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the
U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
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 the 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 release.
Cautionary Statements Regarding Forward Looking Information
This news release contain s certain “forward -looking information” and “forward -looking statements”
(collectively “forward -looking statements”) within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, are forward-looking statements. Forward-
looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”,
“believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events,
conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in
this news release relate to, among other things, closing of the Private Placement , receipt of all necessary
approvals in connection therewith, and use of proceeds of the Private Placement. There can be no assurance that
such statements will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the
date the statements are made and are based upon a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant business, economic, competitive, poli tical,
social and regulatory uncertainties and contingencies . Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward-looking statements and the parties have
made assumptions and estimates based on or related to many of these factors. Such factors include, without
limitation, an inability on the part of the Company to obtain TSX Venture Exchange acceptance of the Private
Placement and management's discretion to reallocate the use of proceeds. Readers should not place undue
reliance on the forward -looking statements and information contained in this news release concerning these
items. The Compa ny does not assume any obligation to update the forward -looking statements of beliefs,
opinions, projections, or other factors, should they change, except as required by applicable securities laws.