- Grizzly Discoveries (GZD) has closed on a private placement for aggregate gross proceeds of $1,644,600
- The company issued 2,383,340 units and 25,026,670 FT units at a price of $0.06 per unit
- Each unit consisted of one common share and one share purchase warrant
- Each FT unit consisted of one common share and one-half of one share purchase warrant
- Net proceeds will be used for the exploration of its Greenwood and Robocop mineral projects in B.C.
- Grizzly Discoveries is focused on developing over 160,000 acres of precious and base metals properties in southeastern British Columbia
- Shares of Grizzly Discoveries (GZD) are currently trading at $0.10 per share
Grizzly Discoveries (GZD) has closed on a private placement for aggregate gross proceeds of $1,644,600.
The company issued 2,383,340 units and 25,026,670 FT units at a price of $0.06 per unit.
Each unit consisted of one common share and one share purchase warrant. Each FT unit consisted of one common share issued as a flow-through share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of $0.08 until April 22, 2024.
Net proceeds will be used for general working capital and the exploration of its Greenwood and Robocop mineral projects in British Columbia.
The company paid cash finder’s fees of $11,340 and issued 189,000 finder’s warrants to Hampton Securities Limited, and issued 1,663,200 units and 1,663,200 finder’s warrants to Accilent Capital Management Inc.
All shares issued are subject to a hold period ending August 23, 2022.
Grizzly Discoveries is focused on developing over 160,000 acres of precious and base metals properties in southeastern British Columbia.
Shares of Grizzly Discoveries (GZD) are currently trading at $0.10 per share.
