Granada Gold Mine Clarifies Share Offering Details

Core Viewpoint - Granada Gold Mine Inc. has clarified details regarding the closing of its recent Offering, including the payment of finder’s fees and the issuance of share purchase warrants [1] Group 1: Financial Details - The company paid finder’s fees totaling C$135,730 in cash [1] - A total of 2,714,600 non-transferable share purchase warrants were issued, each exercisable at a price of C$0.07 per share for five years [1] Group 2: Company Operations - Granada Gold Mine Inc. is actively developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which spans 14.73 square kilometers [3] - The company is currently conducting a large drill program, with 20,000 meters completed out of a planned 120,000 meters [3] - Drilling operations are paused to allow the technical team to evaluate existing data and await improved market conditions [3] Group 3: Historical Context - The Granada Shear Zone and the South Shear Zone contain up to twenty-two mineralized structures trending east-west over five and a half kilometers, with historical underground grades of 8 to 10 grams per tonne gold [4] - The former Granada Gold underground mine produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s [5] - Historical bulk samples extracted in the 1990s included 87,311 tonnes grading 5.17 g/t Au and 22,095 tonnes grading 3.46 g/t Au [5]