Grizzly Announces Private Placement
Grizzly Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - November 25, 2025) -
Grizzly Discoveries Inc. (TSXV: GZD)
(FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce a private
placement offering of Units and FT Units for gross proceeds of up to $1 Million if fully subscribed (the
"Offering").
Private Placement Offering
The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT
Units, each priced at $0.03 per Unit or FT Unit.
Each 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 $0.05 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$0.10 per Common Share
for 10 consecutive trading days; and (b) 24 months from the date of issuance ("Warrant").
Each FT Unit
shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a
"flow through share" for the purposes of the Income Tax Act (Canada).
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 Offering, if fully subscribed with the maximum of
25,000,000 in FT Units and 8,333,333 Units, as follows:
Mineral Property Exploration
$
750,000
Mineral Rights and Exploration Permits
35,000
Working capital
Outstanding management fees to Officers
$
32,000
Other accounts payable
47,000
79,000
Corporate Overhead
Management fees to Officers
$
24,000
(Approx. 4 months)
Other Corporate Overhead
112,000
136,000
Maximum proceeds
$
1,000,000
There is no minimum to the Offering.
If the Company closes on less than the maximum proceeds, or if the
proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted.
In connection with the Offering, the Company may pay finders fees payable in any combination of cash,
Units, 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 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: 604-507-3377
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/275805