Grizzly Completes Private Placement for Gross Proceeds of $835,910

Executive Summary

• Grizzly Discoveries Inc. closed a second tranche of its private placement, issuing 11,836,667 FT Units and 8,027,000 Units for an additional $595,910, bringing total gross proceeds to $835,910.
• The units were priced at $0.03 each and included common shares plus non‑transferable warrants (full‑share and half‑share “flow‑through” structures).
• Proceeds are earmarked primarily for mineral property exploration ($500k) and related working capital and corporate expenses.

Key Details

• Total Offering Size: Up to 8,333,333 Units and up to 25,000,000 FT Units; actual issuance: 11,836,667 FT Units + 8,027,000 Units.
• Gross Proceeds: $595,910 (second tranche) + $240,000 (first tranche) = $835,910 total.
• Unit Pricing: $0.03 per Unit or FT Unit.
• Composition of Units:
• Unit: 1 common share + 1 non‑transferable Common Share purchase warrant (exercise price $0.05, expiry upon TSX‑V price trigger or 24 months).
• FT Unit: 1 common share + ½ warrant (issued as a flow‑through share for tax purposes).
• Finder Compensation: Cash finder’s fee of $14,400; issuance of 240,000 Finder Warrants to GloRes Securities Inc. and 240,000 Finder Warrants to Marquest Asset Management Inc.
• Related‑Party Participation: Insider subscribed for 6,667,000 FT Units ($200,010); transaction exempt from formal valuation/minority approval under MI 61‑101 (≤25% market cap).
• Closing Dates: Final tranche closed January 8 2026; related trading restrictions on newly issued shares run until mid‑April to early May 2026.
• Use of Proceeds Allocation:
• Mineral Property Exploration – $500,000
• Mineral Rights & Exploration Permits – $32,500
• Working Capital / Outstanding Management Fees – $36,000
• Other Accounts Payable – $76,500
• Corporate Overhead (incl. marketing) – $104,910
• Total Allocated: $835,910 (entire proceeds).
• Post‑Financing Share Count: 206,465,956 common shares issued and outstanding.

Notable Quotes

“The additional capital will enable us to advance our exploration program across our extensive property portfolio and maintain momentum toward potential resource development,” – Brian Testo, CEO & President.