Acquisition Will Add Eight Gold Properties to Expanding Portfolio, Strengthening NW Ontario Gold Strategy Cross River Ventures Corp. is pleased to announce that it has entered into a definitive share purchase agreement , dated October 30, 2020, with Northern Dominion Metals Corporation and each of its shareholders , pursuant to which it will acquire all of the outstanding share capital of NDMC. NDMC is a privately-held [...]
Cross River Ventures Corp. is pleased to announce the appointment of Alex Tong as the Company's new Chief Financial Officer. Mr. Tong replaces John Fraser, who has been managing CFO duties in addition to his continuing role as President of Cross River Ventures Alex Tong is a highly qualified finance professional with extensive senior management experience in the mining space. He has worked directly with companies [...]
Cross River Ventures Corp. is pleased to report its recent high resolution airborne magnetic survey has been completed at the Fuchsite Gold Project, located in Northwestern Ontario, Canada. The survey is the first recorded exploration work in the Archean rocks at Fuchsite Lake since the early 1980's. This program consisted of a 522 line-kilometer, high resolution airborne magnetic survey over key outcrop/alteration trends [...]
Cross River Ventures Corp. is pleased to announce that it has closed its non-brokered private placement through the issuance of 7,000,000 units at a price of $0.25 per Unit for gross proceeds of $1,750,000. Each "Unit" consists of one common share of the Company, and one-half-of-one common share purchase warrant . Each Warrant is exercisable to acquire an additional common share of the Company at a price of $0.40 until [...]
Cross River Ventures Corp. is pleased to announce that planning is underway to commence follow-up exploration its Tahsis Gold Project, located on northern Vancouver Island, proximal to the Zeballos Gold Camp. Historic drill programs and the Cross River programs have identified three target areas at Tahsis: Target A consists of a continuous 950 metre section of gold-in-soil values ranging from a minimum of 15 ppb to a [...]
Cross River Ventures Corp. is pleased to announce that it has appointed Alex Klenman, as Chief Executive Officer , effective immediately, replacing John Fraser, who remains with the Company in his roles as President and Chief Financial Officer. Mr. Klenman is an experienced junior mining executive whose career spans over 30 years in the private and public sectors. Over the past decade he has held and continues to hold [...]
Ethos Gold is pleased to announce that it has entered a definitive property option agreement with Cross River Ventures Corp. pursuant to which the parties intend to cooperate in the development of the Fuchsite Lake Gold Project . The Fuchsite Lake project comprises approximately 3,750 hectares 20 km north of the town of Armstrong, Ontario. The Option Agreement is subject to acceptance by the TSX Venture Exchange and the [...]
Cross River Ventures announces its intention to carry out a non-brokered private placement for gross proceeds to the Company of up to $1,750,000. Assuming the closing of the Offering, the Company will issue an aggregate of up to 7,000,000 Units at a price of $0.25 per Unit. Each Unit will consist of one common share and one half common share purchase warrant. Each Warrant will entitle the holder to purchase one additional [...]
Cross River Ventures today announced that Alex Klenman has been appointed as a director of Cross River. Mr. Klenman brings over 25 years of business development, marketing, finance, media and corporate communications experience to Cross River. He has held senior management positions in both the public and private sectors and is currently President and CEO of both Nexus Gold Corp and Azincourt Energy Corp. He also holds [...]
Cross River Ventures Corp. today announced that it has awarded incentive stock options pursuant to its stock option plan, to various directors, officers and consultants of the Company, to purchase up to an aggregate of 825,000 common shares of the Company. The stock options are exercisable at a price of $0.20 per share and expire two years from the (July 27,2020) date of grant.
Cross River Ventures is pleased to announce that it has completed its IPO on the CSE, which included the full exercise of the over-allotment option, pursuant to which it has sold 4,600,000 common shares of the Company at a price of $0.10 per Offered Share to raise gross proceeds of $460,000. Haywood Securities acted as Cross River's agent on a commercially reasonable efforts basis in respect of the IPO and received a cash [...]