Green Bridge Metals Announces Non-Brokered Private Placement
Rhea-AI Summary
Green Bridge Metals (OTCQB:GBMCF) has announced a non-brokered private placement to raise up to $6 million through the issuance of up to 66,666,667 units at $0.09 per unit.
Each unit consists of one common share and one-half warrant, with each whole warrant exercisable at $0.15 per share for three years. The placement is expected to close around October 10, 2025, subject to regulatory approvals. Securities will have a four-month hold period.
The company plans to use proceeds for existing operations and working capital. The deal includes potential finder's fees and an administrative fee of 1% of total shares issued to a third party.
Positive
- Potential to raise up to $6 million in fresh capital
- Warrants provide additional upside potential at $0.15 exercise price
- Three-year warrant term offers extended exercise opportunity
Negative
- Significant dilution with up to 66.7 million new units being issued
- Additional dilution from finder's fees and admin fee shares
- 15% discount to warrant exercise price may pressure current market price
News Market Reaction
On the day this news was published, GBMCF declined 29.27%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / September 29, 2025 / Green Bridge Metals Corporation (CSE:GRBM)(OTCQB:GBMCF)(FWB:J48)(WKN:A3EW4S) ("Green Bridge" or the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") of up to 66,666,667 units of the Company (the "Units") at a price of
Each Unit shall consist of one common share (each a "Share") and one-half (1/2) of one common share purchase warrant (each whole warrant, a "Warrant"), with each (whole) Warrant entitling the holder to purchase one Share at an exercise price of
Closing of the Private Placement is anticipated to occur on or about October 10, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. All securities issued pursuant to Private Placement will be subject to a hold period of four months and one day pursuant to applicable securities laws.
The Company intends to utilize the proceeds of the Private Placement to support its existing operations and for general working capital purposes.
In connection with the Private Placement, the Company may pay finders' fees and/or issue finders' warrants on the same terms as the Warrants, to eligible parties who have assisted by introducing subscribers to the Private Placement.
The Company will issue Shares equal to
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 South Contact Zone contains bulk-tonnage copper-nickel and titanium-vanadium in ilmenite hosted in ultramafic to oxide ultramafic intrusions. 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 proposed non-brokered 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 potential completion of the Private Placement, the expected completion date thereof, and the use of proceeds therefrom. It is noted, however, that the Private Placement may not close on the terms set forth herein, or at all.
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.
SOURCE: Green Bridge Metals Corporation
View the original press release on ACCESS Newswire
FAQ
What is the size and price of Green Bridge Metals (GBMCF) private placement?
What are the terms of GBMCF's private placement warrants?
When will Green Bridge Metals' private placement close?
How will Green Bridge Metals use the private placement proceeds?
What fees are associated with GBMCF's private placement?
