Grizzly Discoveries closes private placement, acquires Midway-Beaverdell

Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) closed a private placement for gross proceeds of $359,875 and completed its acquisition of the Midway-Beaverdell mineral property in British Columbia, according to a company statement.

The offering, originally announced Sept. 15, 2026, involved the issuance of 1,000,000 Units at $0.05 each, 325,000 flow-through units at $0.055 each, and 4,866,668 critical mineral flow-through units at $0.06 each. Each unit included one common share and either one full or one-half common share purchase warrant exercisable at $0.12, expiring within 24 months of issuance. The offering was made to qualified subscribers in Alberta, British Columbia, and Ontario.

Proceeds from the standard units are designated for mineral property exploration and general working capital, while proceeds from both categories of flow-through units are earmarked for mineral property exploration, with the critical mineral flow-through units specifically targeting critical minerals as defined under Canada's Income Tax Act.

The company paid $21,692 in cash finder fees to Canaccord Genuity Corp., Hampton Securities Limited, GloRes Securities Inc., and Jean-Pierre Colin. An additional 328,416 non-transferrable finder warrants were issued. Following the closing, Grizzly has 240,313,037 common shares outstanding. Shares issued are subject to a trading restriction expiring Feb. 17, 2027. The offering remains subject to final acceptance by the TSX Venture Exchange.

On Oct. 13, 2026, Grizzly completed the Midway-Beaverdell Option Agreement, originally signed Oct. 10, 2023, by paying $5,000 and issuing 100,000 common shares to Daniel Hurd of Peachland, British Columbia. The company now holds 100% ownership of the Midway-Beaverdell mineral rights covering 761.25 hectares in British Columbia's Greenwood Mining District. Hurd retains a 1% net smelter return royalty and rights to any quarriable rocks.

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