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Grande Portage Resources Announces Extension of Expiry Date for Warrants

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Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) has applied to the TSX Venture Exchange to extend the expiry date of 5,550,000 outstanding unlisted common share purchase warrants. The warrants, currently exercisable at $0.30 per share, were initially issued as part of a non-brokered unit private placement in May 2023. The company seeks to extend the warrants' expiry date to May 10, 2026 at 4:30 pm PST, subject to TSX Venture Exchange approval.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) ha richiesto alla TSX Venture Exchange di prorogare la data di scadenza di 5.550.000 warrant per l'acquisto di azioni ordinarie non quotate ancora in circolazione. I warrant, esercitabili attualmente a 0,30 $ per azione, erano stati emessi inizialmente come parte di un collocamento privato senza intermediari nel maggio 2023. La società intende estendere la scadenza dei warrant al 10 maggio 2026 alle 16:30 PST, subordinatamente all'approvazione della TSX Venture Exchange.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) ha solicitado a la Bolsa de Valores TSX Venture extender la fecha de vencimiento de 5.550.000 garantías no listadas para la compra de acciones ordinarias en circulación. Las garantías, actualmente ejercitables a 0,30 $ por acción, fueron emitidas inicialmente como parte de una colocación privada sin intermediarios en mayo de 2023. La compañía busca extender la fecha de vencimiento de las garantías hasta el 10 de mayo de 2026 a las 4:30 pm PST, sujeto a la aprobación de la Bolsa TSX Venture.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF)는 TSX 벤처 거래소에 미상장 보통주 매수 워런트 5,550,000건의 만료일 연장을 신청했습니다. 현재 주당 0.30달러에 행사 가능한 이 워런트는 2023년 5월 비중개 단위 사모 발행의 일부로 처음 발행되었습니다. 회사는 TSX 벤처 거래소의 승인을 조건으로 워런트 만료일을 2026년 5월 10일 오후 4시 30분 PST까지 연장하고자 합니다.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) a demandé à la TSX Venture Exchange de prolonger la date d’expiration de 5 550 000 bons de souscription d’actions ordinaires non cotés en circulation. Ces bons, exerçables actuellement à 0,30 $ par action, ont été initialement émis dans le cadre d’un placement privé sans intermédiaire en mai 2023. La société souhaite prolonger la date d’expiration des bons jusqu’au 10 mai 2026 à 16h30 PST, sous réserve de l’approbation de la TSX Venture Exchange.

Grande Portage Resources (TSXV:GPG)(OTCQB:GPTRF) hat bei der TSX Venture Exchange die Verlängerung des Ablaufdatums von 5.550.000 ausstehenden, nicht börsennotierten Kaufoptionen für Stammaktien beantragt. Die Optionen, die derzeit zu 0,30 $ pro Aktie ausgeübt werden können, wurden ursprünglich im Rahmen einer nicht vermittelten Privatplatzierung im Mai 2023 ausgegeben. Das Unternehmen strebt an, das Ablaufdatum der Optionen bis zum 10. Mai 2026, 16:30 Uhr PST, zu verlängern, vorbehaltlich der Genehmigung durch die TSX Venture Exchange.

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VANCOUVER, BC / ACCESS Newswire / April 25, 2025 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that it has applied to the TSX Venture Exchange to extend the expiry date for 5,550,000 of its outstanding unlisted common share purchase warrants (the "Warrants"). The Warrants, each of which is currently exercisable to purchase one common share of the Company at $0.30 per share, were originally issued by the Company as part of non-brokered unit private placement financing completed in May 2023. The Company will extend the expiry date of the Warrants to 4:30 pm PST on May 10, 2026, subject to TSX Venture Exchange approval.

The Company currently has an aggregate of 5,550,000 Warrants issued and outstanding pertaining to the Private Placement, all of which are eligible for amendment, pursuant to the policies of the Exchange.

About Grande Portage:

Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on advancing the New Amalga Mine project, the outgrowth of the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the New Amalga property. The New Amalga gold 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 eight million ounces of gold.

The Company's updated NI#43-101 Mineral Resource Estimate (MRE) 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). The MRE was prepared by Dr. David R. Webb, Ph.D., P.Geol., P.Eng. (DRW Geological Consultants Ltd.) with an effective date of July 17, 2024.

ON BEHALF OF THE BOARD

"Ian Klassen"
Ian M. Klassen
President & Chief Executive Officer
Tel: (604) 899-0106
Email: Ian@grandeportage.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

SOURCE: Grande Portage Resources Limited



View the original press release on ACCESS Newswire

FAQ

What is the new expiry date for Grande Portage Resources (GPTRF) warrants?

Subject to TSX Venture Exchange approval, the warrants' expiry date will be extended to May 10, 2026 at 4:30 pm PST.

How many warrants are affected by Grande Portage Resources' (GPTRF) extension request?

The extension affects 5,550,000 outstanding unlisted common share purchase warrants.

What is the exercise price of Grande Portage Resources' (GPTRF) warrants?

The warrants are exercisable at $0.30 per common share.

When were the original GPTRF warrants issued?

The warrants were originally issued as part of a non-brokered unit private placement in May 2023.
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