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.