Grizzly Announces Closing of Initial Tranche of Private Placement
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) has closed the initial tranche of its private placement, raising $205,730 through the issuance of 6,157,668 Units and 700,000 Flow-Through Units at $0.03 each. Each Unit includes one common share and one warrant, while Flow-Through Units consist of one common share and half a warrant. Warrants allow purchase of additional shares at $0.05, expiring in 24 months or earlier under specific conditions.
The company plans to use $184,730 for general working capital and corporate overhead, including management fees, while $21,000 is reserved for mineral property exploration. The offering remains open until August 18, 2024, with additional units available. No commissions or finder's fees were paid for this tranche.
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ha chiuso la tranche iniziale del suo collocamento privato, raccogliendo $205,730 attraverso l'emissione di 6,157,668 Unità e 700,000 Unità Flow-Through a $0.03 ciascuna. Ogni Unità include un'azione ordinaria e un warrant, mentre le Unità Flow-Through consistono di un'azione ordinaria e metà warrant. I warrant consentono l'acquisto di ulteriori azioni a $0.05, con scadenza in 24 mesi o prima sotto specifiche condizioni.
L'azienda prevede di utilizzare $184,730 per il capitale circolante generale e le spese aziendali, inclusi i compensi per la gestione, mentre $21,000 è riservato per l'esplorazione di proprietà minerarie. L'offerta rimane aperta fino al 18 agosto 2024, con ulteriori unità disponibili. Non sono state pagate commissioni o compensi per questa tranche.
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ha cerrado la tranche inicial de su colocación privada, recaudando $205,730 a través de la emisión de 6,157,668 Unidades y 700,000 Unidades Flow-Through a $0.03 cada una. Cada Unidad incluye una acción común y un warrant, mientras que las Unidades Flow-Through consisten en una acción común y medio warrant. Los warrants permiten la compra de acciones adicionales a $0.05, con vencimiento en 24 meses o antes bajo condiciones específicas.
La compañía planea utilizar $184,730 para capital de trabajo general y gastos corporativos, incluidos los honorarios de gestión, mientras que $21,000 está reservado para la exploración de propiedades minerales. La oferta permanecerá abierta hasta el 18 de agosto de 2024, con unidades adicionales disponibles. No se pagaron comisiones ni honorarios de intermediarios por esta tranche.
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF)는 사모 발행의 초기 트랜치를 마감했습니다, $205,730을 모금했으며, 6,157,668 유닛과 700,000 플로우스루 유닛을 각각 $0.03에 발행했습니다. 각 유닛에는 하나의 보통주와 하나의 워런트가 포함되며, 플로우스루 유닛은 하나의 보통주와 반 개의 워런트로 구성됩니다. 워런트는 특정 조건에 따라 24개월 내에 만료되는 $0.05에 추가 주식을 구입하는 것을 허용합니다.
회사는 $184,730을 일반 운영 자본 및 관리비로 사용할 계획이며, $21,000은 광물 자산 탐사에 예약되어 있습니다. 이 건은 2024년 8월 18일까지 계속 개방되며, 추가 유닛이 제공됩니다. 이 트랜치를 위해 수수료나 중개 수수료는 지급되지 않았습니다.
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) a clôturé la tranche initiale de son placement privé, levant $205,730 par l'émission de 6,157,668 unités et 700,000 unités Flow-Through à $0.03 chacune. Chaque unité comprend une action ordinaire et un warrant, tandis que les unités Flow-Through se composent d'une action ordinaire et d'un demi-warrant. Les warrants permettent d'acheter des actions supplémentaires à $0.05, avec une expiration dans 24 mois ou plus tôt sous certaines conditions.
La société prévoit d'utiliser $184,730 pour le capital de fonctionnement général et les frais généraux d'entreprise, y compris les frais de gestion, tandis que $21,000 est réservé pour l'exploration de propriétés minières. L'offre reste ouverte jusqu'au 18 août 2024, avec des unités supplémentaires disponibles. Aucune commission ou frais d'apporteur d'affaires n'a été payé pour cette tranche.
Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) hat die erste Tranche seiner Privatplatzierung abgeschlossen, wobei $205,730 durch die Ausgabe von 6,157,668 Einheiten und 700,000 Flow-Through-Einheiten zu je $0.03 aufgenommen wurden. Jede Einheit besteht aus einer Stammaktie und einem Warrant, während Flow-Through-Einheiten aus einer Stammaktie und einem halben Warrant bestehen. Warrants ermöglichen den Kauf zusätzlicher Aktien zu $0.05 und verfallen innerhalb von 24 Monaten oder früher unter bestimmten Bedingungen.
Das Unternehmen plant, $184,730 für allgemeine Betriebskapital und Unternehmensaufwendungen zu verwenden, einschließlich Managementgebühren, während $21,000 für die Exploration von Mineralienreserven reserviert ist. Das Angebot bleibt bis zum 18. August 2024 offen, mit weiteren Einheiten verfügbar. Für diese Tranche wurden keine Provisionen oder Vermittlungsgebühren gezahlt.
- Raised $205,730 through private placement
- Funds allocated for working capital and mineral exploration
- No commissions or finder's fees paid, maximizing capital raised
- Offering remains open, allowing for potential additional funding
- Dilution of existing shareholders due to issuance of new shares and warrants
Edmonton, Alberta--(Newsfile Corp. - July 31, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") announces that it has closed on an initial tranche of the private placement (the "Offering") of Units and Flow-Through Units originally announced on June 20, 2024 and extended on July 19, 2024.
The Company issued a total of 6,157,668 Units and 700,000 FT Units, each at a price of
Each Unit consists of one common share of the Company ("Common Share") and one non-transferrable common share purchase warrant ("Warrant") entitling the warrant holder to purchase an additional Common Share for
The proceeds of
No commissions or finder's fees were paid with respect to this tranche of the Offering.
The Offering remains open, with 10,509,000 Units and 16,966,668 FT Units remaining under the maximum Offering, until August 18, 2024.
The Offering is subject to final approval from the TSX Venture Exchange.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available under the Company's SEDAR+ profile at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218450
FAQ
How much did Grizzly Discoveries (GZDIF) raise in the initial tranche of its private placement?
What is the price per Unit and Flow-Through Unit in Grizzly Discoveries' (GZDIF) private placement?
When does the warrant in Grizzly Discoveries' (GZDIF) private placement expire?
How will Grizzly Discoveries (GZDIF) use the proceeds from the private placement?
