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Grizzly Adds to Greenwood, BC Project with Nearby Beaverdell Properties and Engages Integrous Capital Partners
Edmonton, Alberta--(Newsfile Corp. - February 13, 2023) - Grizzly Discoveries Inc. (TSXV: GZD) (F...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Adds to Greenwood, BC Project with Nearby Beaverdell Properties and Engages Integrous Capital PartnersEdmonton, Alberta--(Newsfile Corp. - February 13, 2023) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (\"Grizzly\" or the \"Company\") is pleased to announce that it has entered into an agreement with Zimtu Capital Corp. (\"Zimtu\") to acquire ten mineral claims in the Beaverdell area in the Greenwood Mining District of Southeast British Columbia (BC) for a deemed price of $15,000. The Company has also engaged Integrous Capital Partners (\"ICP\") to provide capital market consulting services to the Company.Beaverdell Property PurchaseThe Company has entered into a purchase agreement (\"Beaverdell Agreement\") with Zimtu Capital Corp. (\"Zimtu\") whereby the Company will acquire a 100% undivided interest in ten (10) mineral claims currently held by Zimtu, known as the Beaverdell Claims, near the town of Beaverdell in southeast BC, adjacent to the Company's Greenwood Project mineral claims. Under the terms of the Zimtu Beaverdell Agreement, the Company will acquire the Beaverdell Claims for a cash payment of $7,500, payable immediately, and the issuance of 75,000 common shares of the Company to Zimtu. The Beaverdell Agreement and the issuance of shares to Zimtu are subject to acceptance by the TSX Venture Exchange. Common shares of the Company issued under the Beaverdell Agreement will be subject to a hold period of four months and one day in accordance with the policies of the TSX Venture Exchange and securities regulation.The Beaverdell mineral claims exist at the south end of the historic Beaverdell silver-lead-zinc-gold (Ag-Pb-Zn-Au) camp. Silver production for the main Beaverdell mine about 3 km north of the mineral claims being acquired was close to 35 million ounces (Moz) of Ag with greater than 30 million pounds (Mlbs) of Zn and 25 Mlbs of lead from 1896 to 1991 (BC Government Minfile Report for 082ESW030). Several of the mineral claims being acquired exist immediately south of Troubadour Resources Inc.'s Texas Project mineral claims where they have been actively exploring high grade Ag-Au-Cu-Pb-Zn zones southwest of Beaverdell including the Doorn Zone approximately 2 km north of the Beaverdell mineral claims. The Beaverdell mineral claims being acquired cover a number of historical polymetallic ...