Grizzly Clarifies Terms of Private Placement

Core Viewpoint - Grizzly Discoveries Inc. has announced a private placement offering aimed at raising up to $1 million through the sale of Units and FT Units priced at $0.03 each [1][2][3]. Private Placement Financing - The offering consists of up to 8,333,333 Units and up to 25,000,000 FT Units, with each Unit comprising one common share and one warrant [3]. - The warrants allow the holder to purchase an additional common share for $0.05, expiring either 30 days after a price threshold is met or 24 months from issuance [3]. Use of Proceeds - The proceeds from the offering, if fully subscribed, will be allocated as follows: - Mineral Property Exploration: $750,000 - Mineral Rights and Exploration Permits: $80,000 - Working Capital: $100,000 (including outstanding management fees and other accounts payable) - Corporate Overhead: $70,000 [4]. Finder's Fees and Trading Restrictions - The company may pay finders fees in cash, Units, and Warrants to registered broker dealers in accordance with TSX Venture Exchange policies [5]. - Common Shares and shares issued upon warrant exercise will be subject to trading restrictions for four months and one day from issuance [5]. Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company with a primary focus on developing approximately 72,700 hectares of precious and base metals properties in southeastern British Columbia [7]. - The company is managed by a team with a proven track record in advancing exploration projects from early stages to feasibility [8].