Grafton Resources closes $350,000 private placement

Executive Summary

• Grafton Resources Inc. closed an additional non‑brokered private placement, raising $350,000 in gross proceeds.
• The offering consisted of 700,000 units at $0.50 per unit; each unit includes one common share and half of a common share purchase warrant (exercise price $0.80, expires Dec 15 2027).
• Proceeds will be used for working capital and general corporate purposes; finders’ fees of $22,400 were paid in cash with additional non‑transferable warrants issued to finders.

Key Details

• Gross proceeds: $350,000 from the private placement.
• Units sold: 700,000 units at $0.50 per unit.
• Unit composition: 1 common share + ½ common share purchase warrant.
• Warrant terms: Exercise price $0.80 per share; exercisable until Dec 15 2027.
• Use of proceeds: Working capital and general corporate purposes.
• Finders’ compensation: $22,400 cash paid plus issuance of 44,800 non‑transferable finders’ warrants.
• Finder warrant terms: Same exercise price ($0.80) and expiry (Dec 15 2027).
• Holding period: Securities subject to a four‑month hold period expiring Apr 16 2026 per securities law requirements.
• Regulatory condition: Offering remains subject to acceptance by the Canadian Securities Exchange.