Grande Portage Resources Announces Update on Equity Financing

VANCOUVER, BC / ACCESSWIRE / August 7, 2024 / Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FRA:GPB) announced that its non-brokered private placement, initially set for 5,555,555 units, was over-subscribed. The company will now issue 5,836,221 units at $0.18 each, generating gross proceeds of $1,050,520, pending TSX Venture Exchange approval.

Each unit consists of one common share and one share purchase warrant, allowing the holder to buy an additional share at $0.25 within 24 months of closing. The company will also pay $22,858 in cash and issue 119,210 Finder’s Warrants under the same terms. All issued securities will be under a four-month hold period.