Gold River Productions, Inc. announced that it has entered into a security agreement for a private placement with the principal amount of $350,000 on May 16, 2024. The transaction included participation from new investor, Iron Ring Holdings, LLC and IG Holdings, Inc.,. The company has issued secured promissory note and warrants in the transaction.

The note carries a fixed interest at $12,500 per month. The interest only payments are due one month from the issue date until maturity. The note will mature on December 16, 2024.

The company issued to Honor Enterprise Funding, LLC warrants to purchase 97,222,222 shares of the company?s common stock exercisable at $0.0036 per share. The warrants have a cashless exercise provision, aren?t exercisable for three months after the issue date, and terminate three years from the issue date.