Carson River Ventures Corp. announced that it has completed a non-brokered private placement of 8,300,000 units at a price of CAD 0.05 per share unit for gross proceeds of CAD 415,000 on August 12, 2022. Each share unit consists of one common share and one-half of a non-transferable share purchase warrant, each whole warrant entitles the holder to purchase one additional share for a period of 24 months from the date of issuance at an exercise price of CAD 0.10 per additional share.

Certain insiders of the company, namely Jeffrey Cocks, chief executive officer and director of the company, and Christopher Hobbs, chief financial officer, and director of the company, each acquired 500,000 units. All securities issued in connection with the private placement are subject to a statutory four-month hold period in accordance with applicable securities legislation expiring December 13, 2022.