Silver Grail arranges $575,000 private placement

Executive Summary

• Silver Grail Resources Ltd. announced a non‑brokered private placement of up to 2.5 million units at C$0.23 per unit, targeting gross proceeds of up to $575,000.
• The financing will fund 2025 exploration work on the Ram property and other Golden Triangle assets, as well as general corporate purposes.
• Drilling at the Ram property is now complete (2,056 m in seven holes); core has been logged, sawed, and samples are being prepared for assay, with a new surface chalcopyrite showing identified on hole 7.

Key Details

• Private Placement Structure: Up to 2.5 M units @ C$0.23 each → max gross proceeds $575,000.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Exercise price C$0.33 per share; exercisable for two years from closing.
• No Finder’s Fees/Commissions associated with the transaction.
• Insider Participation: Certain insiders may participate in the placement.
• Use of Proceeds: 2025 exploration at Ram property, further exploration on other Golden Triangle properties, and general corporate purposes.
• Drilling Completion – Ram Property: Total depth drilled = 2,056 m across seven holes; core logged and diamond‑sawed.
• Assay Process: Samples sent to MSALabs; assays held pending completion of the full submittal package.
• New Surface Showing: During a site visit, Jeff Kyba (PGeo) identified a new net‑textured chalcopyrite occurrence while walking the surface projection of hole 7.

Notable Quotes

(No direct quotes provided in the release.)