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Grizzly Announces Phil B. Acton as Advisor

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Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) has appointed Phil B. Acton as an Advisor to the Board of Directors. Acton, a Certified Public Accountant from Hayward, CA, brings extensive business experience across various industries. Since 2000, he has been the General Manager of East Bay Motorsports, Inc., where he increased sales from US$8.0 million to over US$26 million. Brian Testo, President and CEO of Grizzly, expressed enthusiasm about Acton's addition to the team, citing his business acumen and strategic insight as valuable assets for positioning the company in the junior mineral exploration industry. The Board has granted Acton 1,000,000 stock options at an exercise price of $0.05 per option, expiring on September 3, 2029, subject to TSX Venture Exchange approval.

Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ha nominato Phil B. Acton come Consigliere del Consiglio di Amministrazione. Acton, un Commercialista Certificato di Hayward, CA, porta con sé una vasta esperienza commerciale in diversi settori. Dal 2000, è il Direttore Generale di East Bay Motorsports, Inc., dove ha incrementato le vendite da 8,0 milioni di dollari a oltre 26 milioni di dollari. Brian Testo, Presidente e CEO di Grizzly, ha espresso entusiasmo per l'aggiunta di Acton al team, citando il suo acume commerciale e la sua visione strategica come risorse preziose per posizionare l'azienda nell'industria dell'esplorazione mineraria junior. Il Consiglio ha concesso ad Acton 1.000.000 opzioni su azioni a un prezzo di esercizio di $0,05 per opzione, con scadenza il 3 settembre 2029, soggetto all'approvazione della TSX Venture Exchange.

Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ha nombrado a Phil B. Acton como Asesor de la Junta Directiva. Acton, un Contador Público Certificado de Hayward, CA, aporta una amplia experiencia empresarial en diversas industrias. Desde el año 2000, ha sido el Gerente General de East Bay Motorsports, Inc., donde aumentó las ventas de 8,0 millones de dólares a más de 26 millones de dólares. Brian Testo, Presidente y CEO de Grizzly, expresó entusiasmo por la incorporación de Acton al equipo, citando su perspicacia empresarial y su visión estratégica como activos valiosos para posicionar a la empresa en la industria de exploración mineral junior. La Junta ha otorgado a Acton 1.000.000 de opciones sobre acciones a un precio de ejercicio de $0,05 por opción, con vencimiento el 3 de septiembre de 2029, sujeto a la aprobación de la TSX Venture Exchange.

그리즐리 디스커버리즈 Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF)가 Phil B. Acton을 이사회 고문으로 임명했습니다. Acton은 캘리포니아 주 헤이워드 출신의 공인 회계사로 다양한 산업에서 광범위한 비즈니스 경험을 가지고 있습니다. 2000년 이래로 그는 East Bay Motorsports, Inc.의 총괄 관리자이며, 여기서 매출을 800만 달러에서 2,600만 달러 이상으로 증가시켰습니다. 그리즐리의 대통령이자 CEO인 브라이언 테스토는 Acton의 팀 합류에 대해 열정을 표현하며, 그의 비즈니스 통찰력과 전략적 통찰력이 회사의 주니어 광물 탐사 산업에서 소중한 자산이라고 언급했습니다. 이사회는 Acton에게 1,000,000주식 옵션을 부여했으며, 옵션당 행사 가격은 $0.05이고, 2029년 9월 3일에 만료되며 TSX 벤처 거래소의 승인을 조건으로 합니다.

Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) a nommé Phil B. Acton en tant que conseiller auprès du conseil d'administration. Acton, expert-comptable agréé originaire de Hayward, Californie, apporte une expérience commerciale étendue dans divers secteurs. Depuis 2000, il est directeur général d'East Bay Motorsports, Inc., où il a augmenté les ventes de 8 millions de dollars à plus de 26 millions de dollars. Brian Testo, président et PDG de Grizzly, a exprimé son enthousiasme quant à l'ajout d'Acton à l'équipe, citant son sens des affaires et sa vision stratégique comme des atouts précieux pour positionner l'entreprise dans l'industrie de l'exploration minière junior. Le conseil a accordé à Acton 1.000.000 options d'actions à un prix d'exercice de 0,05 $ par option, expirant le 3 septembre 2029, sous réserve de l'approbation de la TSX Venture Exchange.

Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) hat Phil B. Acton als Berater des Vorstands ernannt. Acton, ein Wirtschaftsprüfer aus Hayward, Kalifornien, bringt umfangreiche Geschäftserfahrungen aus verschiedenen Branchen mit. Seit 2000 ist er Geschäftsführer von East Bay Motorsports, Inc., wo er den Umsatz von 8,0 Millionen US-Dollar auf über 26 Millionen US-Dollar gesteigert hat. Brian Testo, Präsident und CEO von Grizzly, äußerte sich begeistert über die Hinzufügung von Acton zum Team und nannte sein unternehmerisches Geschick und strategische Einsichten als wertvolle Ressourcen für die Positionierung des Unternehmens in der Junior-Mineral-Explorationsindustrie. Der Vorstand hat Acton 1.000.000 Aktienoptionen zu einem Ausübungspreis von 0,05 USD pro Option gewährt, die am 3. September 2029 auslaufen und der Genehmigung der TSX Venture Exchange unterliegen.

Positive
  • Appointment of Phil B. Acton as Advisor, bringing extensive business experience
  • Acton's track record of increasing sales from US$8.0 million to over US$26 million at East Bay Motorsports
  • Grant of 1,000,000 stock options to Acton, aligning his interests with the company
Negative
  • None.

Edmonton, Alberta--(Newsfile Corp. - September 3, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") Is pleased to announce the appointment of Mr. Phil B. Acton of Hayward, CA as an Advisor to the Board of Directors.

Mr. Acton is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants and has extensive business experience in various industries. This includes ownership of multiple businesses, providing tax, audit and other attestation services, portfolio and cash management for a Private Trust, and co-managing 20-80 trucks transporting uranium ore in Utah. Since 2000, Mr. Acton has been a shareholder and General Manager of East Bay Motorsports, Inc. in Hayward, California, guiding significant growth of the business through acquisitions and marketing and increasing sales from US$8.0 million to over US$26 million.

Brian Testo, President and CEO of Grizzly Discoveries, stated, "We continue to strengthen our Advisory Board with motivated and qualified individuals with diverse skillsets. We are thrilled to welcome Mr. Acton to the Grizzly team as his business acumen and strategic insight will be instrumental as we position ourselves for the inevitable improvement in market conditions for the junior mineral exploration industry in Canada."

In conjunction with his appointment, the Board has authorized the grant of 1,000,000 stock options of Grizzly with an exercise price of $0.05 per option to Mr. Acton, expiring on September 3, 2029 or earlier in accordance with the Company's stock option plan. The grant of options is subject to acceptance by 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221903

FAQ

Who is the new advisor appointed to Grizzly Discoveries Inc. (GZDIF)?

Phil B. Acton has been appointed as an Advisor to the Board of Directors of Grizzly Discoveries Inc. (GZDIF).

What is Phil B. Acton's professional background?

Phil B. Acton is a Certified Public Accountant with extensive business experience across various industries, including business ownership, tax and audit services, portfolio management, and transportation logistics.

What stock options were granted to Phil B. Acton by Grizzly Discoveries (GZDIF)?

Grizzly Discoveries (GZDIF) granted Phil B. Acton 1,000,000 stock options with an exercise price of $0.05 per option, expiring on September 3, 2029, subject to TSX Venture Exchange approval.

How has Phil B. Acton performed as General Manager of East Bay Motorsports?

As General Manager of East Bay Motorsports since 2000, Phil B. Acton has guided significant growth through acquisitions and marketing, increasing sales from US$8.0 million to over US$26 million.

GRIZZLY DISCOVERIES INC

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