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Walker River Resources Corp. — Capital/Financing Update 2020
Apr 15, 2020
46981_rns_2020-04-14_7e777405-38cc-4236-b08a-911f86fade47.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Walker River Resources Corp. (the “ Company ”) Suite 820, 1130 West Pender Street Vancouver, BC Canada V6E 4A4
Item 2 Date of Material Change
April 14, 2020
Item 3 News Release
The news release attached hereto as Schedule “A” announcing the material change described herein was disseminated through the news dissemination services of Stockwatch and Baystreet on April 14, 2020.
Item 4 Summary of Material Change
The Company announced it has completed a private placement by issuing 5,715,656 common shares at a price of $0.07 per unit for gross proceeds of $400,095.92 with seven placees. Each Unit consisted of one common share (a “ Share ”) and one Share purchase warrant (the “ Warrant ”), whereby each Warrant shall be exercisable into one Share for a period of two (2) years from closing at a price of $0.08 per Share. Closing of the private placement shall be subject to acceptance by the TSX Venture Exchange.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
Please see the news release attached as Schedule “A” for a full description of the material change.
5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
Item 8 Executive Officer
Michel David, CEO and Director Telephone: 819-874-0030
Item 9 Date of Report
April 14, 2020
SCHEDULE “A”
Suite 820-1130 West Pender St Vancouver, B.C V6E 4A4 Tel: 819 874-0030 Fax: 819 825-1199 _____________ Trading Symbol: WRR
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
NEWS RELEASE
WALKER CLOSES PRIVATE PLACEMENT
Vancouver, B.C. April 14, 2020 - Walker River Resources Corp. (“ Walker ” or the “ Company ”) (TSXV: “ WRR ”) is pleased to announce it has completed a private placement by issuing 5,715,656 common shares at a price of $0.07 per unit for gross proceeds of $400,095.92 with 7 placees.
Each Unit consisted of one common share (a “ Share ”) and one Share purchase warrant (the “ Warrant ”), whereby each Warrant shall be exercisable into one Share for a period of two (2) years from closing at a price of $0.08 per Share.
Proceeds from the Private Placement will be used for continued exploration on the Company's mineral properties and general working capital.
Closing of the Private Placement shall be subject to acceptance by the TSX Venture Exchange. All securities to be issued in connection with the Private Placement shall be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michel David”
Michel David
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp. Tel: 819 874-0030 Fax: 819 825-1199 Email: [email protected] Website: www.wrrgold.com
Neither TSX Venture Exchange nor Its Regulation Service Provider (As That Term Is Defined In The Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This News Release.