Leadership Changes and Private Placement
CROSS RIVER VENTURES CORP.
Suite 1012, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3
NEWS RELEASE
LEADERSHIP CHANGES AND PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.
Vancouver, British Columbia, Canada – February 5, 2024 – Cross River Ventures Corp. (the “ Company”
or “Cross River”) (CSE: CRVC) (FRA:C6R) is pleased to announce the appointment of Sam Wong and Alan
Sye to its board of directors and executive management team. Mr. Wong will assume the role of Chief
Executive Officer and Mr. Sye as Chief Financial Officer and Corporate Secretary.
Mr. Wong and Mr. Sye’s appointments coincide with Alex Klenman and John Fraser stepping down from
their respective roles with the Company. Dan Placzek will remain on the board but will relinquish the title
of Corporate Secretary.
The Board of Directors of the Company wishes to thank Alex Klenman and John Fraser for their services
and wish them both success in their future endeavors.
Private Placement
The Company announces a non-brokered private placement (the “Private Placement”) of up to 55,000,000
units (the “Units”) at a price of $0.005 per Unit for gross proceeds of up to $ 275,000. Each Unit will be
comprised of one common share (a “Share”) and one Share purchase warrant (a “Warrant”) with each
Warrant entitling the holder to purchase one Share of the Company at a price of $0. 05 per Share for a
period of 24 months from the date of closing of the Private Placement.
The Company intends to use the proceeds from the Private Placement for general working capital
purposes.
Closing of the proposed Private Placement is anticipated to occur on or about March 1, 2024 and is subject
to receipt of all necessary regulatory approvals including acceptance of the Canadian Securities Exchange.
All securities issued under the Private Placement will be subject to a hold period under applicable
securities laws in Canada expiring four months and one day from closing of the Private Placement.
About the Company
Cross River is a gold exploration company focused on the development of top tier exploration properties
located in emerging Greenstone Districts of NW Ontario, Canada. The Company controls over 20,000-ha
within a multiple project portfolio containing highly prospective ground in and among prolific, gold
bearing greenstone belts. Cross River’s common shares trade in Canada under the symbol “CRVC” on the
CSE, and in the US under the symbol “CSRVF” on the OTCQB. Please visit www.crossriverventures.com
for more information.
On behalf of the Board of Directors of
CROSS RIVER VENTURES CORP.
Sam Wong
CEO
www.crossriverventures.com
The Canadian Securities Exchange has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this news release. Neither the Canadian Securities
Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities 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 U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.