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Bird River Resources Inc (2)
Symbol BDR
Shares Issued 66,919,699
Close 2025-12-05 C$ 0.15
Market Cap C$ 10,037,955
Recent Sedar Documents

Bird River Resources closes $1.48-million financing

2025-12-05 20:24 ET - News Release

Mr. Jon Bridgman reports

BIRD RIVER ANNOUNCES CLOSING OF $0.10 COMMON SHARE FINANCING

Bird River Resources Inc. has closed the previously announced non-brokered private placement financing of common shares in the capital of the company for aggregate gross proceeds of $1,485,061.70.

The offering consisted of the issuance of 14,850,617 common shares at a price of 10 cents per common share. No finders' fees or commissions were paid in connection with the offering. The gross proceeds of the offering will be used for general corporate and working capital requirements of the company. All securities issued in connection with the offering are subject to a statutory hold period of four months and a day from issuance.

All currency references in the news release are in Canadian currency unless otherwise noted. The common shares were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws.

Early warning disclosure

In connection with the offering, Entertainment Insurance Consultants Inc. acquired 6,212,420 common shares pursuant to a subscription agreement entered into between the subscriber and the company. The acquired shares beneficially held by the subscriber represents approximately 7.60 per cent of the issued and outstanding shares on a non-diluted basis.

The subscriber acquired the common shares pursuant to the offering for investment purposes and intends to review its investment in the company on a continuing basis. Depending upon a number of factors, including market and other conditions, the subscriber may from time to time increase or decrease its beneficial ownership, control, direction or economic exposure over securities of the company.

This news release is being issued under the early warning provisions of Canadian securities legislation. An early warning report will be electronically filed with the applicable securities commission in each jurisdiction where the company is reporting and will be available on SEDAR+.

About Bird River Resources Inc.

Bird River is a Winnipeg, Man.-based resource company focused on advancing quality mineral exploration and development properties. The company currently holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border.

We seek Safe Harbor.

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