Grizzly Discoveries Inc. (TSXV: GZD) has announced a private placement offering of up to $2 million in gross proceeds through a combination of Units, Flow-Through Units, and Critical Mineral Flow-Through Units. The offering spans up to 40 million securities depending on unit type and subscription mix. Proceeds are earmarked for general working capital, mineral rights acquisition, and exploration of the company's properties in southeastern British Columbia, with a focus on critical minerals.

Key Points

  • Grizzly Discoveries Inc. (TSXV: GZD | FSE: G6H | OTCQB: GZDIF)
  • Private placement of up to $2 million across three unit types: Units at $0.05, FT Units at $0.055, and CMFT Units at $0.06
  • Maximum of 35 to 40 million total units to be issued; warrants exercisable at $0.12 with a 24-month expiry; closing targeted for mid-October 2026
  • Investors may be watching subscription levels, TSX Venture Exchange acceptance, and deployment of critical minerals exploration proceeds

Structure of Grizzly's Three-Tier Unit Offering

The offering is structured across three distinct unit categories. Up to 10,000,000 Units are priced at $0.05 each, raising up to $500,000, with each unit comprising one common share and one full warrant. FT Units are priced at $0.055 and CMFT Units at $0.06, together targeting up to $1,500,000 in additional proceeds. FT and CMFT Unit holders each receive one half of one warrant per unit. All warrants carry an exercise price of $0.12 per share and expire 24 months from issuance or 30 days after the company provides notice that the volume-weighted average trading price has reached or exceeded CA$0.18 for 10 consecutive trading days.

Flow-Through Shares and Critical Minerals Exploration Focus

Both FT Units and CMFT Units are issued as flow-through shares under Canada's Income Tax Act, offering potential tax benefits to eligible subscribers. The company states it will direct proceeds from FT Units toward general mineral property exploration, while CMFT Unit proceeds are specifically designated for exploration targeting critical minerals as defined under the Income Tax Act. This dual flow-through structure reflects growing investor and regulatory interest in Canadian critical mineral supply chains, and Grizzly's approximately 72,700-hectare land package in southeastern British Columbia forms the operational backdrop for this spending.

Offering Terms, Eligible Jurisdictions, and Closing Timeline

The offering is available to qualified subscribers in Alberta, British Columbia, and Ontario, with the company retaining discretion to extend to additional jurisdictions. There is no minimum subscription threshold. Grizzly intends to close in mid-October 2026 and may do so in two or more tranches. All common shares and shares issued on warrant exercise are subject to a four-month-and-one-day hold period from issuance. The offering remains subject to TSX Venture Exchange acceptance, and the company may pay finder's fees in cash or non-transferrable warrants to eligible parties.