Greenridge Exploration Inc. announced a non-brokered private placement of up to 10,526,315 units at a price of CAD 0.38 unit for gross proceeds of up to CAD 4,000,000 on February 5, 2024. Each unit shall consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at an exercise price of CAD 0.45 for a period of 24 months from the closing date.

The company will pay finders' fees to eligible finders in connection with the placement, subject to compliance with applicable securities laws and the policies of the Canadian Securities Exchange. There will be a hold period of four months and one day on all securities issued under the placement.