Grizzly Closes Private Placement
Rhea-AI Summary
Grizzly Discoveries (OTCQB:GZDIF) closed a non-brokered private placement on November 7, 2025 for gross proceeds of $153,000, issuing 3,400,000 Units and 1,700,000 FT Units at $0.03 each.
Each Unit includes one common share and one warrant exercisable at CA$0.05 (expiry earlier of 10-trading-day VWAP condition or Nov 7, 2027); each FT Unit includes one common share and one half-warrant issued as a flow-through share. Proceeds allocation: $51,000 mineral exploration, $37,000 working capital/outstanding fees, and $65,000 corporate overhead.
An insider purchased 3,400,000 Units for $102,000; post-close common shares outstanding are 177,630,622. Shares subject to trading restrictions until Mar 8, 2026. Offering subject to TSXV final acceptance.
Positive
- Gross proceeds of $153,000
- Issued 3,400,000 Units and 1,700,000 FT Units
- Allocated $51,000 to mineral exploration
- Post-close common shares: 177,630,622
Negative
- 4,250,000 warrants issued at CA$0.05, expiry Nov 7, 2027
- Insider subscribed 3,400,000 Units (related-party transaction)
- Common shares restricted from trading until Mar 8, 2026
News Market Reaction
On the day this news was published, GZDIF gained 12.68%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Edmonton, Alberta--(Newsfile Corp. - November 10, 2025) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") announces that, on November 7, 2025, it closed on a non-brokered private placement originally announced on September 11, 2025 and extended on October 10, 2025, for gross proceeds of
The closing of the Offering consisted of 3,400,000 Units and 1,700,000 FT Units with the Units and FT Units each priced at
The Company intends to use the proceeds of the Offering as follows:
| Mineral Property Exploration | ||||
| Working capital | Outstanding management fees to Officers | |||
| Other accounts payable | 12,000 | 37,000 | ||
| Corporate Overhead | Other Corporate Overhead | 65,000 | ||
| Proceeds | ||||
The Company did not pay any commissions or finders fees in connection with the Offering. Following closing, the Company has 177,630,622 common shares issued and outstanding. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until March 8, 2026. The Offering is subject to final acceptance of the TSX Venture Exchange.
An Insider subscribed for an aggregate of 3,400,000 Units for gross proceeds of
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273765
FAQ
How much did Grizzly Discoveries (GZDIF) raise in the November 7, 2025 private placement?
What securities were issued in Grizzly's (GZDIF) private placement and at what price?
What are the warrant terms from Grizzly's (GZDIF) offering?
How will Grizzly (GZDIF) use the $153,000 proceeds?
Did any insiders participate in Grizzly's (GZDIF) private placement?
How many Grizzly (GZDIF) common shares are outstanding after the offering and are there trading restrictions?
