Grizzly Discoveries Inc. announced a private placement of 1,771,859 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 124,030.13 and 5,312,500 flow-through (FT) units at a price of CAD 0.08 per FT unit for gross proceeds of CAD 425,000; for aggregate total gross proceeds of CAD 549,030 on August 15, 2023. Each unit consisted of one common share and one half of one warrant. Each FT Unit consisted of one common share and one half of one FT Warrant with each whole FT warrant. Each whole warrant and FT warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.10 per common share and shall expire on the earlier of 30 days following written notice by the Issuer to the Subscriber that the volume-weighted average trading price of the common shares on the TSX Venture Exchange is at or greater than CAD 0.12 per common share for 10 consecutive trading days and August 15, 2025. The common shares and any common shares issued on exercise of the warrants and finder warrants are subject to restrictions on trading until December 16, 2023 in accordance with the policies of the TSX Venture Exchange. Following closing of the transaction, the company has 149,644,119 common shares issued and outstanding. The transaction is subject to final acceptance by the TSX Venture Exchange. The transaction included participation from insiders of the company for an aggregate of 142,857 units for gross proceeds of CAD 10,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 12 placees including existing insider involvement for 142,857. The company gave 400,000 units to the finders along with 600,000 warrants. Each warrant entitles the holder to purchase one share at the price of CAD 0.10 for period of two years from the date of issuance.