on Green Bridge Metals Corporation (CVE:GRBM)
Green Bridge Metals Finalizes $6 Million Private Placement
Green Bridge Metals Corporation has completed a non-brokered private placement, generating gross proceeds of $6,000,000. The offering included 66,666,666 units priced at $0.09 each. Each unit comprises one common share and a half-share purchase warrant, allowing holders to buy additional shares at $0.15 within three years. This transaction supports company operations and general working capital.
Pacific Opportunity Capital Ltd., linked to a Green Bridge director, acquired 400,000 units for $36,000. This constitutes a related party transaction under MI 61-101, but exemptions were applied due to its minimal impact on market capitalization.
The company distributed finders' fees totaling $193,627.55 and issued finders' warrants for introducing subscribers. Additionally, 666,666 shares were allocated to a third party as an administrative fee.
R. H.
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