Green Bridge Metals Announces Closing of Non-Brokered Private Placement

Rhea-AI Summary

Green Bridge Metals (OTCQB:GBMCF) closed a non-brokered private placement on October 30, 2025, issuing 66,666,666 units at $0.09 per unit for $6,000,000 gross. Each Unit includes one common share and one-half warrant; each whole warrant allows purchase of one share at $0.15 for three years. Securities are subject to a four-month-and-one-day hold period. The company intends to use net proceeds for operations and general working capital. Related-party Pacific Opportunity Capital Ltd., controlled by director Mark Brown, subscribed for 400,000 Units ($36,000) and the company relied on MI 61-101 exemptions. The company paid $193,627.55 in cash finders' fees, issued 2,151,417 finders' warrants, and issued 666,666 admin shares (1.0% of Units) as an administrative fee.

Positive

• Gross proceeds of $6,000,000
• Issuance of 66,666,666 Units to strengthen working capital
• Warrants exercisable at $0.15 for 3 years (potential future equity)

Negative

• Immediate dilution from 66,666,666 new Shares
• Paid $193,627.55 cash finders' fees plus 2,151,417 finders' warrants
• Issued 666,666 Admin Shares equal to 1.0% of Units

News Market Reaction – GBMCF

+59.62%

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+59.62% News Effect

On the day this news was published, GBMCF gained 59.62%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48, WKN:A3EW4S)("Green Bridge" or the "Company")is pleased to announce that it has closed its previously-announced non-brokered private placement (the "Private Placement") of 66,666,666 units of the Company (the "Units") at a price of $0.09 per Unit, for aggregate gross proceeds of $6,000,000. Each Unit consists of one common share (each a "Share") and one-half (1/2) of one Share purchase warrant (each whole warrant, a "Warrant"), with each (whole) Warrant entitling the holder to purchase one Share at a price of $0.15 for a period of three (3) years. Pursuant to applicable securities laws, all securities issued pursuant to Private Placement are subject to a hold period of four months and one day.

The Company intends to utilize the net proceeds of the Private Placement to support its existing operations and for general working capital purposes.

Pacific Opportunity Capital Ltd., an entity controlled, by Mark Brown, a director of the Company subscribed for an aggregate total of 400,000 Units for gross proceeds of $36,000.00. Such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101, which exemptions are set forth in in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Private Placement by Pacific Opportunity Capital Ltd. did not exceed twenty-five percent (25%) of the market capitalization of the Company, as determined in accordance with MI 61-101.The Company did not file a material change report more than 21 days before the expected closing of the Private Placement because the details of the participation therein by related parties of the Company were not confirmed until shortly prior to closing of the Private Placement.

The Company paid aggregate finders' fees of $193,627.55 cash and issued 2,151,417 finders' warrants to arm's length parties who assisted in introducing subscribers to the Private Placement.

The Company also issued 666,666 Shares, equal to 1.0% of the total of Units issued in the Private Placement (the "Admin Fee Shares") to an arm's-length third party, as an administrative fee for its assistance with the Private Placement.

About Green Bridge Metals

Green Bridge Metals Corporation (formerly Mich Resources Ltd.) is a Canadian based exploration company focused on acquiring 'battery metal' rich mineral assets and the development of the South Contact Zone (the "Property") along the basal contact of the Duluth Intrusion, north of Duluth, Minnesota. The Property has exploration targets for bulk-tonnage Ni mineralization, high grade Ni-Cu-PGE magmatic sulfide mineralization and titanium.

ON BEHALF OF GREEN BRIDGE METALS,

"David Suda"
President and Chief Executive Officer

For more information, please contact:

David Suda
President and Chief Executive Officer
Tel: 604.928-3101
investors@greenbridgemetals.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Certain statements and information herein contain forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements include but are not limited to statements or information with respect to the use of proceeds of the Private Placement.

Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward- looking statements in this news release include statements regarding the proposed use of proceeds of the Private Placement.

The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Reader Advisory

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Suite 800, 1199 West Hastings Street Vancouver, British Columbia, V6E 3T5 www.greenbridgemetals.com

SOURCE: Green Bridge Metals Corporation

View the original press release on ACCESS Newswire

FAQ

How much did Green Bridge Metals (GBMCF) raise in the October 30, 2025 private placement?

$6,000,000 gross from issuance of 66,666,666 Units at $0.09 per Unit.

What does each Unit in Green Bridge Metals (GBMCF) include and what are the warrant terms?

Each Unit includes one share and one-half warrant; each whole warrant is exercisable at $0.15 for three years.

Did any related parties participate in Green Bridge Metals (GBMCF) private placement on October 30, 2025?

Yes; Pacific Opportunity Capital Ltd., controlled by director Mark Brown, subscribed for 400,000 Units ($36,000).

What fees did Green Bridge Metals (GBMCF) pay to finders for the private placement?

The company paid $193,627.55 in cash finders' fees and issued 2,151,417 finders' warrants to arm's-length parties.

When can investors trade the securities issued in Green Bridge Metals (GBMCF) private placement?

All securities issued are subject to a statutory hold period of four months and one day under applicable securities laws.

How will Green Bridge Metals (GBMCF) use the proceeds from the private placement?

The company intends to use net proceeds to support existing operations and for general working capital purposes.