Granada GOLD MINE Extends Warrant Terms
2875 Ave Granada
Rouyn Noranda, Q.C., J9Y 1Y1
Tel : 819-797-4144
Granadagoldmine.com
GRANADA GOLD MINE EXTENDS WARRANT TERMS
Rouyn Noranda, Q.C., September 24, 2021 - Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF)
(Frankfurt: B6D) (the “Company” or “Granada”) announces that it will be extending the expiry date
of an aggregate 6,861,806 share purchase warrants (the "Warrants") by two years. The 6,861,806
Warrants are due to expire on October 18 and November 6, 2021. The expiry date will be extended
by two years and the Warrants will now expire on October 18 and November 6, 2023. All other terms
and conditions remain constant.
The private placement units were issued at a price of $0.15 per unit and consisted of one common
share and one Warrant entitling the holder to purchase one additional common share at an exercise
price of $0.15 per share for a period of three years from closing. The amendment is subject to the
approval of the TSX Venture Exchange.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near
Rouyn-Noranda, Quebec, and is adjacent to the prolific Cadillac Break. The Company owns 14.73 square
kilometers of land in a combination of mining leases and claims. The company is currently undergoing a
large drill program with 30,000m out of 120,000m complete. The drills are currently paused to provide
the technical team with the necessary time to evaluate and assimilate existing data.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as
well as from current and historical drilling, up to twenty-two mineralized structures trending east-
west over five and a half kilometers. Three of these structures were mined historically from four
shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from
two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.
The property includes the former Granada Gold underground mine which produced more than
50,000 ounces of gold at 10 grams per tonne gold in the 1930’s from two shafts before a fire
destroyed the surface buildings. In the 1990’s, Granada Resources extracted a bulk sample (Pit #1)
of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit # 2) of 22,095 tonnes
grading 3.46 g/t Au.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, Contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
P: 416-625-2342
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
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. This news release
may contain forward-looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical
facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward-looking statements.