Bird River Secures $312K in Share Financing

Bird River Resources Inc., based in Winnipeg, has concluded the first tranche of a private placement financing, raising approximately $312,647 CAD. The placement involved the issuance of 3,908,091 common shares at $0.08 each without incurring any fees or commissions. The funds are earmarked for general corporate purposes.

The shares, issued through a private placement, are subject to a four-month resale restriction. The transaction included participation by Mel Reznick, a company director, marking a related party transaction exempt from specific regulatory requirements.

Following the placement, Reznick's share ownership increased to 10.37%. Bird River, established in 1958, focuses on resource investments, primarily in platinum palladium interests in Manitoba. This financing marks a strategic move for the company's ongoing operational funding.