Green Bridge closes C$4 million best efforts public offering
Key facts
- C$4M Financing
- C$0.125/unit
- +1 wt @ C$0.155
- Jul 30 close
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, July 30, 2026 (GLOBE NEWSWIRE) -- Green Bridge Metals Corporation (CSE: GRBM , OTCQB: GBMCF , FWB: J48 , WKN: A3EW4S ) (" Green Bridge " or the " Company ") is pleased to announce that it has closed its previously announced “best-efforts” public offering of 32,006,000 units of the Company (the “ Units ”) at a price of C$0.125 per Unit (the “ Offering Price ”) for aggregate gross proceeds of C$4,000,750 (the “ Offering ”). The Offering was conducted by Stifel Canada as sole agent and bookrunner (the “ Agent ”).
Each Unit consists of one common share (a " Common Share ") and one Common Share purchase warrant (each, a " Warrant ") of the Company. Each Warrant is exercisable to acquire one Common Share until July 30, 2029, at an exercise price of C$0.155 per Common Share, subject to adjustment in certain events. The Warrants are governed by a warrant indenture entered into as of the date hereof between the Company and Endeavor Trust Corporation.
The Company granted to the Agent an option to sell up to an additional: (i) 6,000,000 Units at the Offering Price; (ii) 6,000,000 Common Shares at a price of $0.0987 per Common Share; (iii) 6,000,000 Warrants at a price of $0.0263 per Warrant; or (iv) any combination thereof (the “ Agent’s Option ”). The Agent’s Option is exercisable in whole or in part, at the sole discretion of the Agent, at any time until August 29, 2026.
The Offering was made: (i) by way of a prospectus supplement, dated July 24, 2026, to the Company's existing base shelf prospectus dated June 22, 2026, filed in each of the provinces and territories of Canada, other than Quebec; (ii) in the United States, on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act; and (iii) in other jurisdictions outside of Canada and the United States as agreed to by the Company and the Agent, provided that no prospectus filing or comparable obligation arose in any such jurisdiction.
The Company intends to use the net proceeds of the Offering to support the Company's existing operations, as well as for general working capital purposes.
As consideration for its services, the Company has paid the Agent a cash fee equal to 7.0% of the aggregate gross proceeds of the Offering and has issued to the Agent non-transferrable broker warrants equal to 7.0% of the number of Units sold under the Offering (the “ Broker Warrants ”). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time until July 30, 2029. The Broker Warrants are subject to a hold period of four months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring on December 1, 2026.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. Persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.