Cross River Ventures Corp. (CSE: CRVC) (FSE: C6R) (the "Company") announces that it has closed a second tranche of a non-brokered private placement offering (the "Offering") of common shares (each, a "Share") of the Company for gross proceeds of $311,000. In connection with closing of the second tranche of the Offering, the Company issued 10,366,667 Shares at a price of $0.03 per Share.
In connection with the Offering, the Company paid finders' fees of $12,480 to certain arms-length parties who assisted in introducing subscribers to the second tranche. All securities issued under the second tranche of the Offering are subject to a statutory hold period until April 9, 2023.
About Cross River Ventures Corp.
Cross River is a gold exploration company focused on the development of top tier exploration properties located in emerging Greenstone Districts of NW Ontario, Canada. The Company controls over 20,000-ha within a multiple project portfolio containing highly prospective ground in and among prolific, gold bearing greenstone belts. Cross River's common shares trade in Canada under the symbol "CRVC" on the CSE, and in the US under the symbol "CSRVF" on the OTCQB. Please visit www.crossriverventures.com for more information.
On behalf of the Board of Directors of
CROSS RIVER VENTURES CORP.
Alex Klenman
CEO
604-227-6610
aklenman@crossriverventures.com
John Fraser
President
604-227-6610
jfraser@crossriverventures.com
www.crossriverventures.com
