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Grafton Resources Announces Closing of Non-Brokered Private Placement of Units
VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 27, 2025 – GRAFTON RESOURCES INC. (CSE: GFT; OTCQB: PMSXF) (“Grafton” or the “Company”) is pleased to annou
About this update from Grafton Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 27, 2025 – GRAFTON RESOURCES INC. (CSE: GFT; OTCQB: PMSXF) (“Grafton” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced on October 28, 2025 (the “Offering”), raising aggregate gross proceeds of $2,400,000 via the issuance of 4,800,000 units (each, a “Unit”) of the Company at a purchase price of $0.50 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share (a “Warrant Share”) of the Company at a purchase price of $0.80 per Warrant Share until November 27, 2027. The Company intends to use the proceeds of the Offering towards: (i) costs of completing the acquisition of the option (the “Option”) to acquire a 100% interest in the Alicahue Copper Project, located in the Valparaiso Region of Chile, (ii) exploration activities, Option payments, and property commitments on Alicahue, and (iii) working capital and general corporate purposes. For further information on the Option and the Alicahue Copper Project, see the Company’s press release dated October 28, 2025. The Company paid aggregate finder’s fees of $133,784 in cash, and issued 267,568 non-transferable finder’s warrants (each, a “Finder’s Warrant”) to certain arm’s length finders. Each Finder’s Warrant will entitle the holder to purchase one common share (a “Finder’s Share”) of the Company at a purchase price of $0.80 per Finder’s Share until November 27, 2027. The Offering remains subject to the acceptance of the Canadian Securities Exchange (the “Exchange”). The securities issued pursuant to the Offering are subject to a four-month hold period expiring on March 28, 2026 in accordance with applicable securities laws. The participation of Clariden Capital Ltd., a company owned by J. Campbell Smyth, Chairman and a director of the Company, in the amount of 345,400 Units in the Offering, constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). See the early warning disclosure below for J. Campbell Smyth in respect of the change in his ownership of the outstanding securities of the Company. The Company ...