Grizzly Completes Private Placement

About this update from Grizzly Discoveries Inc

Edmonton, Alberta--(Newsfile Corp. - June 19, 2026) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") announces that, between June 16 and June 19, 2026, it closed on a private placement originally announced on May 13, 2026 (the "Offering") by the issuance of 4,525,292 Units, 562,500 FT Units, and 110,000 CMFT Units for gross proceeds of $349,044. Each Unit, priced at $0.065 per Unit, consisted of one common share of the Company ("Common Share") and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per Common Share for 10 consecutive trading days; and (b) 36 months (3 years) from the date of issuance ("Warrant"). Each FT Unit, priced at $0.08 per FT Unit, consisted of one Common Share and one half of one Warrant, each issued as a "flow through share" for the purposes of the Income Tax Act (Canada). Each CMFT Unit, priced at $0.09 per CMFT Unit, consisted of one Common Share and one half of one Warrant, each issued as a "flow through share" for the purposes of the Income Tax Act (Canada). The Offering was offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company in its discretion determined, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation. The Offering is now closed. The Company intends to use the proceeds of the sale of the Units for mineral property acquisition, exploration, and general working capital; the proceeds from the sale of FT Units for mineral property exploration, and the proceeds from the sale of the CMFT Units for mineral property exploration specifically targeting Critical Minerals (as defined in the Income Tax Act (Canada)) In connection with the sale of 600,000 Units, the Company paid a cash finders fee of $2,340 and issued 36,000 Finder Warrants (with each Finder Warrant having the same terms as the Warrants included in the Units) to Canaccord Genuity Corp. In connection with the sale of 437,500 FT Un...

View stock analysis, news, and events for Grizzly Discoveries Inc