Graycliff Exploration Announces AGM Results

Executive Summary

• Shareholders approved the election of five directors and re‑appointment of Clearhouse LLP as auditors at the Annual General Meeting.
• The Company announced that its previously disclosed private placement is oversubscribed and the target size has been increased to up to $650,000 (from $600,000).
• Each unit in the private placement consists of one common share plus half of a common‑share purchase warrant exercisable at $0.18 per share for one year.

Key Details

• AGM Outcomes: 8,802,497 shares entitled to vote; directors elected – James Macintosh (Chair), Arndt Roehlig, Julio DiGirolamo, Bruce Durham, Jason Baker.
• Auditor Re‑appointment: Clearhouse LLP re‑appointed for the upcoming fiscal year; board authorized remuneration.
• Financial Statements: Audited consolidated statements for FY 2025 and FY 2024 received by shareholders and filed on SEDAR+.
• Board Change: Acknowledgement of Nicholas Konkin’s departure after several years of service.
• Private Placement Update:
• Original announcement date – March 3, 2026.
• Offering now oversubscribed; total raise increased to a maximum of $650,000 (previously up to $600,000).
• Unit composition – 1 common share + 0.5 warrant; warrants exercisable at $0.18/share for one year from issuance.

Notable Quotes

No executive quotes were included in the release.