White River Energy Corp. announced that it has entered into a Securities Purchase Agreement with accredited investors to issue 3,222,529 Units at an issue price of $0.777 per Unit for a total purchase price of $2,503,905.033 and also issued 6,445,058 Warrants on December 8, 2023. Each Warrant will be exercisable at $1.00 per share for a period of five years from the earlier of the effectiveness of a registration statement registering the resale of the common stock issuable upon exercise of such Warrants and December 31, 2023.

The offer and sale of the Units pursuant to the SPA was not registered under the Securities Act of 1933 and was exempt from registration pursuant to Section 4(a)(2) thereof and Rule 506(b) promulgated thereunder. The transaction is expected to close on December 12, 2023.