Grande Portage Resources Announces Equity Financing

About this update from Grande Portage Resources Ltd.

[{"type":"text","content":"Grande Portage Resources Announces Equity FinancingVANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (\"Grande Portage\" or the \"Company\") is pleased to report that it has arranged, subject to the acceptance of the TSX Venture Exchange (\"TSX-V\"), a non-brokered private placement of up to 5,555,555 units (the \"Units\") for gross proceeds of up to $1,000,000 (the \"Offering\").The private placement offering will be priced at $0.18 per Unit, and each Unit will consist of one (1) common share in the capital of the Company and one full share purchase warrant (the \"Warrants\"). Each Warrant will be exercisable at a price of $0.25 for one additional common share for a period of 24 months following the closing date.The net proceeds of the Offering will be used to advance exploration activities at the Company's Herbert Gold property, located in southeast Alaska, as well as for general working capital. Finders' fees may be paid on the Offering pursuant to the policies of the TSX-V.All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.About Grande Portage:Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold.The Company's updated NI#43-101 Mineral Resource estimate reported at a base case mineral resources cut-off grade of 2.5 grams per tonne gold (g/t Au) and consists of: an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes); and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes), as well as an Indicated Resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes); and an Inferred Resource of 390,600 ounces of silver at an average grade of 7.33 g/t silver (1,813,000 tonnes).ON BEHALF OF...

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