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 the Midway-Beaverdell Option to secure full ownership of 761.25 hectares of mineral rights in British Columbia's Greenwood Mining District. The dual milestone gives the Edmonton-based explorer fresh capital directed toward mineral property exploration and critical minerals targeting. Investors may be watching how the company deploys these proceeds across its approximately 72,700-hectare portfolio in southeastern British Columbia.

Key Points

  • Grizzly Discoveries Inc. (TSXV: GZD | FSE: G6H | OTCQB: GZDIF)
  • Private placement closed at gross proceeds of $359,875 across three unit classes; Midway-Beaverdell Option fully completed on October 13, 2026
  • Company now holds 100% of Midway-Beaverdell mineral rights covering 761.25 hectares; total shares outstanding now stand at 240,313,037
  • Investors should watch for TSX Venture Exchange final acceptance of the offering and deployment of exploration proceeds

Three-Tier Unit Structure Raises $359,875 for Grizzly Discoveries

The offering, originally announced September 15, 2026, comprised 1,000,000 Units at $0.05 each, 325,000 flow-through FT Units at $0.055 each, and 4,866,668 critical mineral flow-through CMFT Units at $0.06 each. Each full Unit included one common share and one warrant exercisable at $0.12, expiring either 30 days after the volume-weighted average price reaches CA$0.18 for 10 consecutive trading days or 24 months from issuance, whichever comes first. FT and CMFT Units each carried one-half of one warrant. The offering was distributed to qualified subscribers in Alberta, British Columbia, and Ontario, with the closing now confirmed.

Finders' Fees and Share Capital Following the Offering Close

In connection with the FT and CMFT unit sales, Grizzly paid total cash finders' fees of $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 the standard warrants, were issued to Canaccord Genuity Corp., Hampton Securities Limited, and GloRes Securities Inc. All common shares issued under the offering, as well as any shares arising from warrant exercises, are subject to a four-month trading restriction expiring February 17, 2027. The offering remains subject to final acceptance by the TSX Venture Exchange.

Midway-Beaverdell Option Completed, Grizzly Holds Property Outright

On October 13, 2026, Grizzly completed the Midway-Beaverdell Option Agreement originally entered into on October 10, 2023, by paying $5,000 and issuing 100,000 common shares to Mr. Daniel Hurd of Peachland, British Columbia. The company is now the 100% owner of the Midway-Beaverdell mineral rights covering 761.25 hectares in the Greenwood Mining District. Mr. Hurd retains a 1% net smelter return royalty and the right to any quarriable rocks from the property. The acquisition adds to Grizzly's diversified precious and base metals land package in southeastern British Columbia.