/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
WALKER CLOSES PRIVATE PLACEMENT
Vancouver, B.C. January 18, 2019 – Walker River Resources Corp. (“Walker” or the “Company”)
(TSX-V: “WRR”) is pleased to announce that it has completed a private placement by issuing 4,400,000
common shares at a price of $0.05 per share for gross proceeds of $220,000.
Each Unit consisted of one common share (a “Share”) and one Share purchase warrant (the “Warrant”),
whereby each Warrant shall be exercisable into one Share for a period of two (2) years from closing at a
price of $0.10 per Share.
An insider of the Company, Cristopher Hobbs, acquired 400,000 Units directly in the final tranche. The
participation by an insider in the Private Placement is considered to be a “related party transaction” as
defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal
valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value
of the securities being issued nor the consideration being paid exceeds 25% of Walker’s market
capitalization. The material change report in connection with the Private Placement was not filed 21 days
in advance of the closing of the first tranche of the Private Placement for the purposes of Section 5.2(2) of
MI 61-101 on the basis that the Subscription Agreement under the Private Placement was not available to
the Company until shortly before closing.
Proceeds of the Private Placement will be used for work on the Company's mineral properties and general
All securities to be issued in connection with the Private Placement shall be subject to a four-month hold
period in accordance with applicable securities legislation. Closing of the Private Placement shall be
subject to final acceptance by the TSX Venture Exchange.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in
the United States or to, or for the account or benefit of, a U.S. Person (as defined in Regulation S under
the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy securities in the United States or to, or for the account
or benefit of, any U.S. Person, nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
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ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel: 819 874-0030
Fax: 819 825-1199
Neither TSX Venture Exchange nor Its Regulation Service Provider (As That Term Is Defined In The
Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This