Green Bridge Metals completes C$4 million private placement

Green Bridge Metals Corporation (CSE:GRBM)(OTCQB: GBMCF)(FWB:J48) completed a non-brokered private placement raising C$4 million in gross proceeds, according to a company statement.

The Vancouver-based exploration company issued 33,333,333 units at C$0.12 per unit. Each unit consists of one common share and one warrant exercisable at C$0.15 until February 3, 2029.

The company plans to use proceeds for existing operations and general working capital. Securities issued carry a four-month statutory hold period from the closing date.

Green Bridge paid aggregate finder fees of C$102,700.01 and issued 100,000 finder shares plus 855,833 finder warrants. The company also issued 333,333 common shares representing 1% of total units as administrative fees to a third party.

Mining investor Russell Starr acquired 6 million units and joined as strategic advisor. Starr previously held executive positions at Cayden Resources Inc. and Auryn Resources Inc., and served as CEO of Trillium Gold Mines Inc. He was involved in Cayden Resources' C$205 million sale to Agnico Eagle Mines Limited in 2014.

Green Bridge focuses on critical mineral assets in North America, including the Serpentine property and South Contact District projects. The South Contact Project encompasses copper-nickel and titanium-vanadium resources in Minnesota, while Serpentine contains magmatic sulphide deposits with copper and nickel resources.

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