Graycliff Exploration holders approve AGM resolutions

Executive Summary

• Graycliff Exploration Ltd. held its Annual General Meeting (AGM) on March 30, 2026, where all shareholder matters were approved, including the election of five directors and the reappointment of auditors.
• The company announced that its previously announced private placement, initially capped at $600,000, is oversubscribed and is increasing the total size to up to $650,000.
• The private placement units consist of one common share and one-half of one common share purchase warrant, exercisable at $0.18 per share for one year.

Key Details

• AGM Voting Results:
  • Total shares entitled to vote: 8,802,497 common shares.
  • All three items submitted to shareholders were passed.
• Board of Directors:
  • Number of directors fixed at five.
  • Elected nominees serving until the next annual meeting: James Macintosh, Arndt Roehlig, Julio DiGirolamo, Bruce Durham, and Jason Baker.
  • Nicholas Konkin was thanked for his dedicated service on the board.
• Auditor Appointment:
  • Clearhouse LLP reappointed as auditor for the ensuing year.
  • Board authorized to fix auditor remuneration.
• Financial Statements:
  • Audited consolidated financial statements for years ended Dec. 31, 2025, and Dec. 31, 2024, along with the auditor’s report and MD&A, were formally received by shareholders.
  • Documents filed on SEDAR+.
• Private Placement Update:
  • Previously announced private placement (March 3, 2026) is oversubscribed.
  • Size increased from up to $600,000 to up to $650,000.
  • Unit Structure: Each unit composed of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Exercisable at $0.18 per share for one year from issuance.

Notable Quotes

• No direct quotes from management were included in the provided text.