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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

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Grande Portage Resources has successfully completed its non-brokered private placement, raising C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit. Each unit comprises one common share and one purchase warrant, with warrants exercisable at C$0.45 per share until November 13, 2026.

The offering was conducted under the Listed Issuer Financing Exemption of National Instrument 45-106. The company plans to utilize the net proceeds to advance exploration and development at its New Amalga Gold project in Alaska and for general working capital purposes.

Grande Portage Resources ha completato con successo il suo collocamento privato non mediato, raccogliendo C$1.041.000 attraverso la vendita di 3.470.000 unità a C$0,30 per unità. Ogni unità è composta da un'azione comune e un warrant d'acquisto, con warrants esercitabili a C$0,45 per azione fino al 13 novembre 2026.

L'offerta è stata effettuata sotto l'Esenzione di Finanziamento per Emittenti Elencati del National Instrument 45-106. La società prevede di utilizzare il ricavato netto per avanzare esplorazione e sviluppo del suo progetto New Amalga Gold in Alaska e per le spese generali di gestione.

Grande Portage Resources ha completado con éxito su colocación privada no mediada, recaudando C$1,041,000 a través de la venta de 3,470,000 unidades a C$0.30 por unidad. Cada unidad comprende una acción ordinaria y un warrant de compra, con warrants ejercitables a C$0.45 por acción hasta el 13 de noviembre de 2026.

La oferta se realizó bajo la Exención de Financiamiento para Emisores Listados del Instrumento Nacional 45-106. La compañía planea utilizar los ingresos netos para avanzar en la exploración y desarrollo de su proyecto New Amalga Gold en Alaska y para propósitos generales de capital de trabajo.

그란데 포타주 리소스는 성공적으로 비중개 민간 배치를 완료하였으며, C$1,041,000을 3,470,000 유닛을 유닛당 C$0.30에 판매하여 조달하였습니다. 각 유닛은 하나의 보통주와 하나의 구매 보증서로 구성되며, 보증서는 2026년 11월 13일까지 주당 C$0.45에 행사할 수 있습니다.

이 제공은 국가 기구 45-106의 상장 발행자 금융 면제를 통해 이루어졌습니다. 회사는 순수익을 사용하여 알래스카의 뉴 아말가 골드 프로젝트의 탐색 및 개발을 진행하고, 일반 운영 자본 목적으로 사용할 계획입니다.

Grande Portage Resources a réussi à compléter son placement privé non-intermédié, levant C$1,041,000 grâce à la vente de 3,470,000 unités au prix de C$0,30 par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, les bons étant exerçables à C$0,45 par action jusqu'au 13 novembre 2026.

L'offre a été réalisée dans le cadre de l'Exemption de Financement pour Émetteurs Listés de l'Instrument National 45-106. La société prévoit d'utiliser les produits nets pour faire avancer l'exploration et le développement de son projet New Amalga Gold en Alaska et pour des besoins généraux de fonds de roulement.

Grande Portage Resources hat erfolgreich ihre nicht vermittelte Privatplatzierung abgeschlossen und C$1.041.000 durch den Verkauf von 3.470.000 Einheiten zu je C$0,30 pro Einheit eingesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kauf-Warrant, wobei die Warrants bis zum 13. November 2026 zu einem Preis von C$0,45 pro Aktie ausgeübt werden können.

Das Angebot wurde im Rahmen der Ausnahmegenehmigung für börsennotierte Emittenten des National Instrument 45-106 durchgeführt. Das Unternehmen plant, die Nettomittel zu verwenden, um die Exploration und Entwicklung seines New Amalga Gold Projekts in Alaska voranzutreiben und für allgemeine Betriebskapitalzwecke.

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VANCOUVER, BC / ACCESSWIRE / December 10, 2024 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https://grandeportage.com.

Each Unit consisted of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one additional Common Share at an exercise price of C$0.45 per Common Share until November 13, 2026.

Grande Portage intends to use the net proceeds of the Offering for furthering the exploration and development of its New Amalga Gold project in Alaska, as well as general working capital purposes.

About Grande Portage:

Grande Portage is a publicly traded mineral exploration company focused on the New Amalga Gold project (formerly, named the Herbert Gold project) situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the New Amalga Gold project. The New Amalga Gold project 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 cut-off grade of 2.5 grams per tonne gold (g/t Au) 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 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", "plans" or "intends". 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 accesswire.com

FAQ

How much did Grande Portage Resources (GPTRF) raise in its December 2024 private placement?

Grande Portage Resources raised C$1,041,000 through the sale of 3,470,000 units at C$0.30 per unit in December 2024.

What are the terms of Grande Portage's (GPTRF) warrant offering in the December 2024 placement?

Each warrant allows holders to purchase one additional Common Share at C$0.45 per share, exercisable until November 13, 2026.

How will Grande Portage (GPTRF) use the proceeds from its December 2024 private placement?

The proceeds will be used for exploration and development of the New Amalga Gold project in Alaska and general working capital purposes.

What was the unit price in Grande Portage's (GPTRF) December 2024 private placement?

The units were priced at C$0.30 each in the private placement.

When do the warrants from Grande Portage's (GPTRF) December 2024 placement expire?

The warrants expire on November 13, 2026.

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