Sierra Grande arranges $1-million private placement

Executive Summary

• Sierra Grande Minerals Inc. has arranged a non-brokered private placement for up to 20 million units at $0.05 per unit, raising gross proceeds of up to CAD $1 million.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.065 per share for 24 months.
• Net proceeds are designated for working capital, general corporate purposes, and advancing business objectives.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 20,000,000 units.
• Price Per Unit: CAD $0.05.
• Gross Proceeds: Up to CAD $1,000,000.
• Warrant Terms: Each unit includes one common share purchase warrant.
• Warrant Exercise Price: CAD $0.065 per common share.
• Warrant Expiration: 24 months from the closing date.
• Hold Period: Statutory hold period of four months and one day from issuance under Canadian securities laws.
• Use of Proceeds: Working capital, general corporate purposes, and advancement of business objectives.
• Closing Date: Anticipated on or about March 30, 2026.
• Conditions: Subject to necessary approvals, including conditional approval of the Canadian Securities Exchange (CSE).
• Insider Participation: Certain insiders may participate; this constitutes a related-party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 (as neither fair market value nor consideration exceeds 25% of market capitalization).
• Finders' Fees: The company may pay cash commissions and/or finders' warrants as permitted by CSE policies.