Announcement • Oct 16
2514870 Alberta Ltd. (Novcorp) cancelled the acquisition of Carson River Ventures Corp. (CNSX:CRIV). 2514870 Alberta Ltd. (Novcorp) entered into a purchase agreement to acquire Carson River Ventures Corp. (CNSX:CRIV) for CAD 23.5 million in a reverse merger transaction on December 11, 2023. Under the terms of the Purchase Agreement, Carson River will complete a 1 for 3 share consolidation prior to completion of the Transaction. Carson River will acquire all of the issued and outstanding common shares of Novcorp in consideration for the issuance of 78,250,010 common shares of Carson River on a post-consolidation basis. It is expected that on completion of the Transaction, Carson River will have 87,548,343 common shares outstanding, of which 78,250,010, or 89.4%, will be held by current Novcorp shareholders, and approximately 9,298,333, or 10.6%, will be held by existing Carson River shareholders. The resulting issuer that will exist upon completion of the Transaction (the “Resulting Issuer”) will carry on the current business of Novcorp. Upon closing of the Transaction, it is expected that the board of directors and executive officers of the Resulting Issuer will be comprised of the nominees of Novcorp, but that certain current directors of Carson River may continue to serve on the board post Transaction. The proposed directors and executive officers of the Resulting Issuer are Yves Kabongo, Chief Executive Officer and Executive Chairman; John Newman, Chief Financial Officer and Director; Lydia Mbaka, Head of Project Management; John Wright, Vice President, Global Operations; Emile Osumba, Director and Amanda Adamowski, Director. The Transaction is subject to customary closing conditions, including regulatory approvals and the receipt of required approvals from the shareholders of Carson River. CRIV expects the Transaction to complete in March 2024.
2514870 Alberta Ltd. (Novcorp) cancelled the acquisition of Carson River Ventures Corp. (CNSX:CRIV) on October 15, 2024. The deal has been terminated owing to the lapse of the applicable outside closing date on September 30, 2024. Announcement • Aug 03
Carson River Ventures Corp. announced that it has received CAD 0.654 million in funding Carson River Ventures Corp. announced that it has completed a non-brokered private placement and issue 10,900,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 654,000 on August 1, 2023. Each unit comprises one common share and one-half of a non-transferable share purchase warrant, whereby each whole warrant entitles the holder to purchase one additional share for a period of 24 months from the date of issuance at an exercise price of CAD 0.10 per additional share. In connection with the closing of the transaction, the company paid cash finders' fees in the aggregate amount of CAD 13,866. No securities were paid to any finders in connection with the transaction. All securities issued in connection with the transaction are subject to a statutory four-month hold period in accordance with applicable securities legislation expiring December 1, 2023. Announcement • Nov 10
Carson River Ventures Corp. Completes Inital 2022 Exploration Program on the Chucker Project Carson River Ventures Corp. completed the inital 2022 exploration program on the Chucker project, located in the Silver Star mining district, within Mineral county, Nevada. The exploration program consisted of air-borne and ground-based geophysical surveying, reconnaissance prospecting, geological mapping, surface trenching, and relocating historical workings. The results from the above exploration program will be compiled, providing accurate modern data to assist in the planning of a potential follow up drill program. 
