Grizzly Extends Private Placement

Executive Summary

• Grizzly Discoveries Inc. announced a 30‑day extension of its private placement offering, maintaining the ability to raise up to $1 million in gross proceeds.
• The offering consists of Units and FT Units priced at $0.03 per unit, each including common shares and warrants (exercise price $0.05).
• Proceeds are earmarked primarily for mineral property exploration ($750k) and related working‑capital needs, representing a material infusion of capital to advance the company’s exploration program.

Key Details

• Offering Size: Up to 8,333,333 Units and up to 25,000,000 Units/FT Units (combined).
• Price per Unit/FT Unit: $0.03.
• Unit Composition: 1 common share + 1 warrant (right to purchase an additional common share at $0.05, exercisable within 24 months or when TSX‑V price ≥ C$0.10 for 10 consecutive days).
• FT Unit Composition: 1 common share + ½ warrant, issued as a “flow‑through” share for Canadian tax purposes.
• Extension Period: Additional 30 days from the original closing deadline (originally announced September 11 2025).
• Use of Proceeds (if fully subscribed):
• Mineral Property Exploration – $750,000
• Mineral Rights & Exploration Permits – $80,000
• Working Capital (including outstanding management fees) – $100,000
• Corporate Overhead (3‑month period) – $70,000
• Maximum Gross Proceeds: $1,000,000. No minimum subscription amount; allocation of proceeds will be adjusted proportionally if the final raise is less than the maximum or the mix of Units/FT Units differs.
• Finder’s Fees: May be paid in cash, Units, and/or Warrants to registered broker‑dealers or arm’s‑length persons per TSX‑V policies.
• Trading Restrictions: Common shares issued (including those from warrant exercises) are subject to a lock‑up of four months + one day from issuance.
• Regulatory Condition: Offering remains subject to acceptance by the Toronto Stock Exchange – Venture (TSX‑V).

Notable Quotes

“The additional capital raised through this extension will enable us to continue advancing our exploration agenda across our extensive property portfolio in British Columbia,” — Brian Testo, CEO & President.