White River Energy Corp. announced that it has entered into Securities Purchase Agreement with accredited investors to issue 3,072,975 Units at an issue price of $0.777 per Unit for a total purchase price of $2,387,701.575 on November 8, 2023. Each Unit consisting of one common share and five-year warrants to two shares of Common Stock for a total of 6,145,950 Warrants.

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.