Graycliff Exploration Announces Private Placement

Executive Summary

• Graycliff Exploration Ltd. announced a non‑brokered private placement of up to 5,000,000 units at $0.12 per unit, targeting gross proceeds of up to $600,000.
• Each unit consists of one common share and half of a common‑share purchase warrant exercisable at $0.18 per share for one year.
• Net proceeds are earmarked for general working capital and geological data interpretation on the recently acquired Shakespeare gold project.

Key Details

• Offering Size: Up to 5,000,000 units (each unit = 1 common share + ½ warrant).
• Price per Unit: $0.12 → Gross Proceeds Target: up to $600,000.
• Warrant Terms: Each whole warrant exercisable at $0.18 per share; warrants issued at half‑unit basis, valid for one year from issuance.
• Use of Proceeds: General working capital and interpretation work on Shakespeare gold project geological data.
• Finder’s Fee: Up to 10% of proceeds may be paid in cash to a finder.
• Regulatory Notice: Securities are not registered under the U.S. Securities Act and will not be offered or sold in the United States absent an exemption.

Notable Quotes

(No executive quotes were included in the release.)