Grizzly Discoveries Inc. (TSXV: GZD) has closed a private placement raising gross proceeds of $359,875 through the issuance of multiple unit types, while simultaneously completing its Midway-Beaverdell Option to become the sole owner of 761.25 hectares of mineral rights in British Columbia's Greenwood Mining District. The dual announcement represents both a capital raise and a property acquisition milestone for the Edmonton-based junior explorer. Investors may be watching how the company deploys the proceeds across general mineral exploration and critical minerals targeting.

Key Points

  • Grizzly Discoveries Inc. (TSXV: GZD, FSE: G6H, OTCQB: GZDIF) closed its previously announced private placement
  • Gross proceeds of $359,875 raised through 1,000,000 Units, 325,000 FT Units, and 4,866,668 CMFT Units
  • Company completed the Midway-Beaverdell Option, acquiring 100% ownership of 761.25 hectares in British Columbia
  • Investors should watch for TSX Venture Exchange final acceptance of the Offering and exploration activity on the newly owned property

Structure and Pricing of Grizzly's Three-Tranche Private Placement

The Offering, originally announced on September 15, 2026, comprised three unit categories. Standard Units were priced at $0.05 each and included one common share plus one full warrant exercisable at $0.12. Flow-through FT Units were priced at $0.055, each carrying one common share and one half-warrant. Critical Minerals flow-through CMFT Units were priced at $0.06 and similarly included one common share and one half-warrant. Warrants expire the earlier of 30 days after a volume-weighted average price trigger of CA$0.18 for 10 consecutive trading days, or 24 months from issuance. The Offering remains subject to final TSX Venture Exchange acceptance.

Finders' Fees and Post-Closing Share Structure

In connection with the FT and CMFT unit sales, Grizzly paid cash finders' fees totalling $21,692 to Canaccord Genuity Corp., Hampton Securities Limited, GloRes Securities Inc., and Mr. Jean-Pierre Colin. An additional 328,416 non-transferable Finder Warrants, carrying the same terms as standard Warrants, were issued to Canaccord Genuity Corp., Hampton Securities Limited, and GloRes Securities Inc. Following closing, the company's total issued and outstanding common shares stand at 240,313,037. All Common Shares issued under the Offering are subject to a trading restriction expiring on February 17, 2027.

Midway-Beaverdell Option Completion Gives Grizzly Sole Ownership of B.C. Property

On October 13, 2026, Grizzly paid $5,000 and issued 100,000 common shares to Mr. Daniel Hurd of Peachland, British Columbia, completing the Midway-Beaverdell Option Agreement originally entered into on October 10, 2023. The company now holds 100% ownership of the Midway-Beaverdell mineral rights covering 761.25 hectares — approximately 1,881 acres — in British Columbia's Greenwood Mining District. Mr. Hurd retains a 1% Net Smelter Return royalty and rights to any quarriable rocks. The property adds to Grizzly's existing approximately 72,700 hectares of precious and base metals properties in southeastern British Columbia.