Cross River Sells Manitou Project to Dryden Gold
CROSS RIVER VENTURES CORP.
Suite 1430, 800 West Pender Street Vancouver, British Columbia V6C 2V6
NEWS RELEASE
CROSS RIVER SELLS MANITOU PROJECT TO DRYDEN GOLD
Vancouver, British Columbia, Canada – October 27, 2023 – Cross River Ventures Corp. (CSE: CRVC) (FWB:C6R) (the “Company”) announces that it has reached an agreement with Dryden Gold Corp. (the “Purchaser”) pursuant to which it will transfer ownership (the “Transfer”) of the Manitou Gold Project (the “Project”) to the Purchaser.
In consideration for the Project, the Company is entitled to receive cash payments totaling $200,000, of which $175,000 is payable upon closing and the balance on or before November 30, 2023, along with 400,000 common shares of the Purchaser.
The Company is at arms-length from the Purchaser, and no finders’ fees or commissions are payable by the Company in connection with the Transfer. Following completion of the Transfer, the Purchaser will be responsible for all ongoing obligations related to maintaining the Project.
About Cross River Ventures Corp.
Cross River is a gold exploration company focused on the development of top tier exploration properties. 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.
Alex Klenman CEO 604-227-6610 [email protected]
John Fraser President 604-227-6610 [email protected]
www.crossriverventures.com
Cautionary Note Regarding Forward-looking Information
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the Canadian Securities Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.