Bird River Resources Inc. announced a private placement of minimum of 7,000,000 shares and maximum of 10,000,000 shares at a price of CAD 0.50 per share for the gross proceeds of minimum of CAD 3,500,000 and a maximum of CAD 5,000,000 on February 28, 2023. The transaction will include participation from Faraday Energy Inc. Each subscription receipt will consists of one post consolidation share and one post-consolidation share purchase warrant entitling the holder to acquire one post-consolidation share for the price of CAD 0.90 for a period of 24 months following the closing of the proposed transaction.
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- Bird River Resources Inc. announced that it expects to receive CAD 5 million in funding from Faraday Energy Inc.