Green Arrow extends private placement to July 15, targets C$1M at $0.05

Green Arrow Resources (GAR.H:CA:TSXV) extended the deadline for its non-brokered private placement to July 15, 2026, giving the junior miner more time to raise up to C$1 million.

The offering is priced at C$0.05 per unit after a share consolidation the company previously approved. Each unit consists of one common share and one warrant exercisable at C$0.05 for 12 months.

Green Arrow originally set a May closing date but pushed it back as it works to secure commitments from investors. Proceeds from the placement are earmarked for exploration on its mineral properties and for general working capital.

Shares of Green Arrow last traded at C$0.025, well below the placement price. If the deal closes, existing shareholders would face dilution at a premium to the current market price. A failure to close by July 15 could raise questions about near-term liquidity for the junior explorer.

The company did not disclose how much it has raised so far or whether any insiders or existing shareholders have committed to the round.