Graycliff Exploration Announces New CEO and Proposed Private Placement

Executive Summary

• Graycliff Exploration Limited appointed Arndt Roehlig as President, Chief Executive Officer and director, effective immediately.
• The board also confirmed James Macintosh will continue as Chairman.
• The company announced a non‑brokered private placement of up to 4,400,000 common shares at $0.10 per share, targeting gross proceeds of up to $440,000 for general corporate and working capital purposes.

Key Details

• Executive Change: Arndt Roehlig named President, CEO and director; brings extensive board experience and fundraising background in the resource and technology sectors.
• Chairmanship: James Macintosh remains on the board and is appointed Chairman of Graycliff Exploration Limited.
• Private Placement Terms:
• Up to 4,400,000 common shares offered at $0.10 per share.
• Aggregate gross proceeds target: up to $440,000.
• Securities subject to a hold period of four months plus one day from issuance and applicable resale rules.
• Closing contingent on regulatory approvals, including CSE approval.
• Use of Proceeds: Funds will be allocated to general corporate purposes and working capital.
• Finder’s Fees/Commissions: Company may pay up to 10 % of funds raised in shares or cash as finder’s fees or commissions.

Notable Quotes

(No direct quotes were provided in the release.)