Grande Portage Announces Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Grande Portage Resources Ltd. (TSX-V: GPG) (OTCQB: GPTRF) (FSE: B6D) (Grande Portage or the Company) announces a proposed non-brokered private placement (the Offering) for gross proceeds of up to $1,500,000 USD.
The Offering will consist of up to 15,000,000 units (the Units) of the Company at a price of $0.10 USD per Unit. Each Unit will consist of one common share of Grande Portage and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of $0.15 USD for a period of 24 months following the closing date of the Offering.
Proceeds from the Offering will be used for exploration and development activities at the Company’s Herbert Gold project, located in southeast Alaska. The Herbert Gold project is a high-grade gold property with significant exploration potential. Grande Portage aims to advance the project through a systematic exploration program to expand the existing resource base and identify new mineralization zones.
The Offering is subject to certain conditions, including but not limited to regulatory approval. In connection with the Offering, the Company may pay finders’ fees in accordance with the policies of the TSX Venture Exchange.
Investors interested in participating in the Offering are encouraged to contact Grande Portage’s Investor Relations department or their financial advisor for further details. The Company will provide updates on the progress of the Offering as developments occur.
Grande Portage is a mineral exploration company focused on the development of resource projects in North America. The Company is dedicated to creating long-term value for its shareholders through the discovery and development of high-quality mineral resources.
With the initiation of this non-brokered private placement, Grande Portage is well-positioned to fund its exploration programs and unlock the full potential of the Herbert Gold project. The Company remains committed to responsible and sustainable exploration practices as it continues to advance its projects in Alaska and beyond.
