Grizzly Completes Private Placement

Executive Summary

• Grizzly Discoveries Inc. closed a private placement originally announced on May 13, 2026, raising gross proceeds of $349,044.
• The offering consisted of 4,525,292 Common Units, 562,500 Flow-Through Units, and 110,000 Critical Minerals Flow-Through Units, with proceeds allocated to mineral property acquisition, exploration, and general working capital.
• Post-closing, the company has 232,838,034 common shares outstanding, with all new securities subject to a four-month trading restriction pending final TSX Venture Exchange acceptance.

Key Details

• Gross Proceeds: $349,044
• Units Issued: 4,525,292 Common Units, 562,500 FT Units, and 110,000 CMFT Units
• Pricing: Common Units at $0.065/unit; FT Units at $0.08/unit; CMFT Units at $0.09/unit
• Warrant Terms (Common Units): Each unit includes one warrant exercisable at $0.12/share, expiring on the earlier of 36 months from issuance or when the VWAP on TSXV reaches $0.18 for 10 consecutive trading days
• Flow-Through Warrants: FT and CMFT units each include half a warrant, issued as flow-through shares under the Income Tax Act (Canada)
• Use of Proceeds: Common Units for mineral property acquisition, exploration, and general working capital; FT Units for mineral property exploration; CMFT Units specifically for critical minerals exploration
• Finder's Fees & Commissions:
• Canaccord Genuity Corp.: $2,340 cash + 36,000 finder warrants (on 600,000 units)
• Raymond James Limited: $2,694 cash + 32,850 finder warrants (on 437,500 FT units and 110,000 CMFT units)
• Leede Financial Inc.: $1,498 cash + 23,040 finder warrants (on 384,000 units)
• Haywood Securities Inc.: $1,229 cash + 18,900 finder warrants (on 315,000 units)
• Post-Closing Share Count: 232,838,034 common shares issued and outstanding
• Trading Restrictions: Common shares and all associated warrants subject to a four-month hold, expiring between October 17, 2026 and October 20, 2026
• Regulatory Status: Offering subject to final acceptance by the TSX Venture Exchange