Mr. Michel David reports
WALKER CLOSES NON-BROKERED PRIVATE PLACEMENT
Walker River Resources Corp. has closed a non-brokered private placement offering with the issuance of four million units of the company at a price of 25 cents per unit for gross proceeds of $1-million.
Each unit consists of one common share of the company and one share purchase warrant, whereby each warrant shall be exercisable by the warrantholder to acquire one additional share at a price of 33 cents for a period of 24 months from the closing of the private placement.
The proceeds of the private placement will be used primarily to finance work on the company's mineral properties and for general working capital purposes.
All securities issued in connection with the private placement are subject to a statutory four-month hold period, expiring March 8, 2026, in accordance with applicable securities legislation. Completion of the private placement is subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange.
We seek Safe Harbor.
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