Grizzly Closes First Tranche of Private Placement

Core Viewpoint - Grizzly Discoveries Inc. has successfully closed the initial tranche of a non-brokered private placement, raising $240,000 through the sale of 8,000,000 FT Units at $0.03 each, as part of a larger offering announced previously [1][2]. Group 1: Offering Details - The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units, with each Unit comprising one Common Share and one non-transferable Warrant [2]. - Each Warrant allows the holder to purchase an additional Common Share for $0.05, expiring either 30 days after a notice from the Company or 24 months from issuance [2]. - The Offering is available to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the Company [2]. Group 2: Financial Aspects - The Company paid a cash finder's fee of $14,400 and issued 240,000 Finder Warrants to GloRes Securities Inc. and Marquest Asset Management Inc. in connection with the sale of the FT Units [3]. - Following the closing of this tranche, the Company has a total of 186,602,289 common shares issued and outstanding, with trading restrictions on the Common Shares and any shares issued from the exercise of Warrants until April 18, 2026 [4]. Group 3: Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing approximately 72,700 hectares (about 180,000 acres) of precious and base metals properties in southeastern British Columbia [5]. - The Company is managed by a highly experienced team with a proven track record in advancing exploration projects from early stages to feasibility [5].