Grizzly Closes Private Placement and Completes Midway-Beaverdell Option

Grizzly Discoveries raised $359,875 and secured 100% of the Midway-Beaverdell property.

What the company is saying

Grizzly Discoveries Inc. (TSXV:GZD, FSE:G6H, OTCQB:GZDIF) is announcing the closing of a private placement that raised $359,875 through the issuance of 1,000,000 Units at $0.05, 325,000 FT Units at $0.055, and 4,866,668 CMFT Units at $0.06. The company highlights the use of proceeds for mineral property exploration, with a specific focus on critical minerals for the CMFT portion, and general working capital for the standard Units. Management emphasizes the successful completion of the Midway-Beaverdell Option, resulting in 100% ownership of 761.25 hectares (1,881 acres) in British Columbia's Greenwood Mining District. The announcement details the payment of $5,000 and issuance of 100,000 shares to Mr. Daniel Hurd, who retains a 1% NSR royalty and rights to quarriable rocks. The company also discloses paying $21,692 in cash finders fees and issuing 328,416 non-transferable Finder Warrants to Canaccord Genuity Corp, Hampton Securities Limited, and GloRes Securities Inc. CEO and President Brian Testo is named as the lead executive. The tone is factual, focusing on transaction specifics and regulatory compliance, with no promotional language or unsupported claims.

What the data suggests

The company raised $359,875 in gross proceeds by issuing a total of 6,191,668 units across three categories: 1,000,000 Units at $0.05, 325,000 FT Units at $0.055, and 4,866,668 CMFT Units at $0.06. Each Unit included a warrant exercisable at $0.12, with expiry triggered by either a 10-day VWAP at or above $0.18 or 24 months from issuance. Finders fees totaled $21,692 in cash, and 328,416 Finder Warrants were distributed, all with the same terms as the Unit Warrants. After the financing, Grizzly has 240,313,037 common shares outstanding. The company completed the Midway-Beaverdell Option by paying $5,000 and issuing 100,000 shares, securing full ownership of the property. Mr. Hurd retains a 1% NSR royalty and rights to quarriable rocks. The shares and any issued on warrant exercise are restricted from trading until February 17, 2027. The offering is still subject to final TSX Venture Exchange acceptance. The announcement provides full transaction details but does not disclose operational milestones, exploration results, or comparative financials. The evidence supports a completed financing and property acquisition, with clear allocation of proceeds and regulatory steps remaining.

Analysis

The announcement is factual and proportionate, detailing the closing of a private placement and the completion of a mineral rights acquisition. Most claims are realised and supported by specific numbers: units issued, proceeds raised, finders fees, and share counts. The only forward-looking statements concern the intended use of proceeds for exploration, which is standard for a junior mining company and not exaggerated. There is no promotional language about future discoveries or outsized returns, and no claims of imminent production or revenue. The capital raised is modest and typical for early-stage exploration, with no indication of a large capital outlay or long-dated, uncertain returns. The tone is positive but restrained, and all material facts are disclosed without narrative inflation.

Risk flags

• ●The offering is subject to final acceptance by the TSX Venture Exchange, meaning there is a regulatory risk that the transaction could be delayed or require amendments before becoming fully effective.
• ●The gross proceeds of $359,875 are modest for mineral exploration, potentially limiting the scale or duration of exploration activities unless further funding is secured; this could constrain progress or require additional dilution.
• ●The company has committed to using flow-through proceeds for qualifying exploration, but no specific exploration timeline, targets, or milestones are disclosed, creating uncertainty about the pace and effectiveness of capital deployment.

Bottom line

Grizzly Discoveries has completed a $359,875 private placement and now owns 100% of the Midway-Beaverdell mineral rights in British Columbia, subject to a 1% NSR royalty held by the vendor. The financing structure is transparent, with clear unit pricing, warrant terms, and finders fees. The company now has 240,313,037 shares outstanding, and all new shares are subject to a four-month hold. While the capital raise and property acquisition are both completed, the announcement does not specify exploration plans, timelines, or operational catalysts, so near-term value creation will depend on future disclosures. The main takeaway is that Grizzly has secured new funds and a key property, but investors will need to watch for concrete exploration progress and regulatory clearance from the TSX Venture Exchange.

Announcement summary

(TSXV:GZD) (FSE:G6H) (OTCQB:GZDIF) Grizzly Discoveries Inc. has closed a private placement originally announced on September 15, 2026, issuing 1,000,000 Units, 325,000 FT Units, and 4,866,668 CMFT Units for gross proceeds of $359,875. Each Unit was priced at $0.05 and included one common share and one warrant to purchase an additional common share at $0.12, expiring on the earlier of 30 days after a written notice that the volume-weighted average trading price is at or above CA$0.18 for 10 consecutive trading days, or 24 months from issuance. Each FT Unit was priced at $0.055 and included one common share and one half warrant, issued as a flow-through share under the Income Tax Act (Canada). Each CMFT Unit was priced at $0.06 and included one common share and one half warrant, also as a flow-through share under the Income Tax Act (Canada). The Offering was made to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the Company, relying on exemptions from registration and prospectus requirements. The Company intends to use proceeds from Units for mineral property exploration and general working capital, proceeds from FT Units for mineral property exploration, and proceeds from CMFT Units for mineral property exploration specifically targeting Critical Minerals. In connection with the sale of 325,000 FT Units and 4,866,668 CMFT Units, the Company paid cash finders fees totaling $21,692 to Canaccord Genuity Corp, Hampton Securities Limited, GloRes Securities Inc., and Mr. Jean-Pierre Colin. The Company also issued 328,416 non-transferrable Finder Warrants with the same terms as the Unit Warrants to Canaccord Genuity Corp, Hampton Securities Limited, and GloRes Securities Inc. in connection with the sale of 325,000 FT Units and 4,366,668 CMFT Units. After closing, the Company has 240,313,037 common shares issued and outstanding. The Common Shares and any shares issued on exercise of Warrants and Finder Warrants are subject to a four-month trading restriction expiring February 17, 2027. The Offering is subject to final acceptance of the TSX Venture Exchange. On October 13, 2026, the Company paid $5,000 and issued 100,000 common shares to Mr. Daniel Hurd to complete the Midway-Beaverdell Option Agreement entered into on October 10, 2023. The Company now owns 100% of the Midway-Beaverdell mineral rights covering 761.25 hectares (approximately 1,881 acres) in the Greenwood Mining District of British Columbia. Mr. Hurd retains a 1% NSR Royalty and rights to any quarriable rocks. Grizzly Discoveries Inc. is led by CEO and President Brian Testo.

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