Grizzly Closes Private Placement

Executive Summary

• Grizzly Discoveries Inc. closed a non‑brokered private placement for gross proceeds of $153,000 on November 7, 2025.
• The offering consisted of 3,400,000 Units and 1,700,000 FT Units priced at $0.03 per unit, each including common shares and warrants.
• Proceeds are earmarked for mineral property exploration ($51k), working capital & management fees ($25k), other accounts payable ($12k), and corporate overhead ($65k).

Key Details

• Units Issued: 3,400,000 Units + 1,700,000 FT Units (total 5,100,000 units) at $0.03 each.
• Unit Composition:
• Each Unit = 1 common share + 1 non‑transferable warrant to purchase an additional common share at $0.05 (expires on the earlier of: 30 days after a price trigger of CA$0.10 for 10 consecutive days, or November 7, 2027).
• Each FT Unit = 1 common share + ½ warrant, issued as “flow‑through” shares for Canadian tax purposes.
• Gross Proceeds: $153,000 (no commissions or finder’s fees paid).
• Use of Proceeds:
• Mineral Property Exploration – $51,000
• Working Capital / Outstanding Management Fees – $25,000
• Other Accounts Payable – $12,000
• Corporate Overhead – $65,000
• Post‑Closing Share Count: 177,630,622 common shares issued and outstanding.
• Trading Restrictions: All newly issued common shares and any shares issuable upon warrant exercise are restricted from trading until March 8, 2026.
• Regulatory Condition: Closing subject to final acceptance by the TSX Venture Exchange.
• Related‑Party Participation: An insider subscribed for 3,400,000 Units ($102,000). Treated as a related‑party transaction under MI 61‑101 but exempt from formal valuation and minority approval because it does not exceed 25 % of market capitalization.
• Material Change Report: Not filed >21 days before closing because related‑party details were finalized shortly prior to the expedited closing.

Notable Quotes

(No direct quotes included in the release.)