Granada Gold Mine Amends Warrants

About this update from Granada Gold Mine Inc.

[{"type":"text","content":"Granada Gold Mine Amends Warrants\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rouyn Noranda, Québec -\n \n \n TheNewswire -\n \n \n December 1, 2023 -\n \n \n Granada Gold Mine Inc.\n \n \n (TSXV:GGM)\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Granada\n \n \n ”) announces\n \n \n that is proposing to\namend the terms of 2,727,273 share purchase warrant (“Warrants) by\namending the exercise price from $0.15 per share to $0.06 per share\nand extending the term of the warrants by one year so that the\nWarrants will now expire on December 21, 2024.\n \n \n \n \n In accordance with the policies of the TSX Venture\nExchange (“Exchange”), the terms of the Warrants will be further\namended to include an accelerated expiry clause such that the exercise\nperiod of the Warrants will be reduced to 30 days if, for any 10\nconsecutive trading days during the unexpired term of the Warrants,\nthe closing price of the Company’s shares is $0.075 or more. All\nother terms of the Warrants remain the same.\n \n \n \n \n The 2,272,723 Warrants were issued pursuant to a\nnon-brokered private placement that closed on December 21, 2021\nwhereby 5,454,546 Flow-through\n \n \n units were\nissued.  Each unit consisted of one common share and one half of one\nWarrant exercisable at $0.15 per share and expiring on December 21,\n2023\n \n \n .\n \n \n \n \n The amendment is subject to the acceptance by the\nExchange and the consent of the holders of the Warrants.\n \n \n \n \n About Granada Gold Mine Inc.\n \n \n \n \n Granada Gold Mine Inc. continues to develop and explore\nits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which\nis adjacent to the prolific Cadillac Break. The Company owns 14.73\nsquare kilometers of land in a combination of mining leases and\nclaims. The Company is undergoing a large drill program with 30,000m\nout of 120,000m complete. The drills are currently paused to provide\nthe technical team with the necessary time to evaluate and assimilate\nexisting data.\n \n \n \n \n The Granada Shear Zone and the South Shear Zone\ncontain, based on historical detailed mapping as well as from current\nand historical drilling, up to twenty-two mineralized structures\ntr...

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