Grizzly Announces Private Placement
Grizzly Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - May 13, 2026) -
Grizzly Discoveries Inc. (TSXV: GZD) (FSE:
G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce a private placement
offering of Units, FT Units, and CMFT Units for gross proceeds of up to $1.08 Million if fully subscribed.
Private Placement Offering
The Offering consists of up to 12,307,693 Units and up to 3,076,924 of any combination of Units, FT
Units and CMFT Units.
Each Unit, priced at $0.065 per Unit, shall consist of one common share of the Company ("Common
Share") and one Common Share purchase warrant entitling the warrant holder to purchase an additional
Common Share for $0.12 and expiring on the earlier of a) 30 days following written notice by the
Company to the warrant holder that the volume-weighted average trading price of the Common Shares
on the TSX Venture Exchange is at or greater than CA$0.18 per Common Share for 10 consecutive
trading days; and (b) 36 months (3 years) from the date of issuance ("Unit Warrant").
Each FT Unit, priced at $0.08 per FT Unit, shall consist of one Common Share and one half of one
Common Share purchase warrant ("FT Unit Warrant"), each of which shall be issued as a "flow through
share" for the purposes of the
Income Tax Act
(Canada).
Each whole FT Unit Warrant shall entitle the
holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30 days
following written notice by the Company to the warrant holder that the volume-weighted average trading
price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per Common
Share for 10 consecutive trading days; and (b) 36 months (3 years) from the date of issuance.
Each CMFT Unit, priced at $0.09 per CMFT Unit, shall consist of one Common Share and one half of
one Common Share purchase warrant ("CMFT Unit Warrant"), each of which shall be issued as a "flow
through share" for the purposes of the
Income Tax Act
(Canada).
Each whole CMFT Unit Warrant shall
entitle the holder to purchase an additional Common Share for $0.12 and expiring on the earlier of a) 30
days following written notice by the Company to the warrant holder that the volume-weighted average
trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.18 per
Common Share for 10 consecutive trading days; and (b) 36 months (3 years) from the date of issuance.
The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and
Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon
exemptions from the registration and prospectus requirements of applicable securities legislation.
The Company intends to use the proceeds of the sales of the Units for general working capital, mineral
rights acquisition, any proceeds from the FT Units for exploration of the Company's mineral properties,
and any proceeds from the CMFT Units for the exploration of the Company's mineral properties
specifically targeting critical minerals (as defined by the
Income Tax Act
(Canada)).
The maximum
gross proceeds of the Offering range from $1,000,000 to $1,076,923 depending on the combination of
unit types sold.
There is no minimum to the Offering.
In connection with the Offering, the Company may pay finders fees payable in any combination of cash,
and Warrants to registered broker dealers, limited market dealers or arm's length persons in
accordance with the policies of the TSX Venture Exchange (the "Exchange") and applicable securities
legislation and regulations.
The Common Shares and any Common Shares issued on exercise of the
Warrants are subject to restrictions on trading until four months and one day from the date of issuance in
accordance with the policies of the Exchange.
The Offering is subject to acceptance of 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
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email:
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 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 OF AMERICA
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https://www.newsfilecorp.com/release/297236