Company: Cross River Ventures
Stock Symbol: CSE: CRVC
Date Published: Jul 14, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Cross River Ventures is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “CRVC”.

The company raised gross proceeds of $460,000 from the placement of 4.6 million shares priced at $0.10 per share, which included the full over-allotment of 60,000 shares.

Haywood Securities acted as agent for the IPO.

The shares are currently $0.12 bid and offered at $0.25, with no shares traded.

Cross River has an option to acquire a 100% interest in the Tahsis Property, which consists of 5 mineral claims totalling approximately 4,866 hectares, located on Northern Vancouver Island, British Columbia.

Cross River paid $20,000 and must issue 800,000 shares and incur a minimum of $250,000 in expenditures staged over 2 years to complete the acquisition, subject to a 3% NSR Royalty on gold, silver, platinum, palladium and rare elements produced from the Tahsis Property.

The Tahsis area has a long exploration history due to its proximity to the Zeballos Gold Camp, approximately 25 kilometres to the northwest, where 13 deposits reportedly produced a total of approximately 288,000 ounces of gold and 125,000 ounces of silver between 1930 and 1948.

The geology of the Tahsis area is similar to the Zeballos camp, making it a favourable exploration target.

Four significant exploration programs were completed on the bulk of the present Tahsis Property.

The Tahsis Property is being explored for auriferous quartz vein and gold skarn mineralization with three of the five target areas identified on the property proven to have potential to host mineralization.

For more details please refer to the company’s prospectus filed on Sedar.

For more information, please contact Dan Placzek, Director, at 778-737-5423.

I’m Megan Edwards for Investmentpitch Media