Grande Portage Completes C$6 Million Equity Financing

Grande Portage Resources Ltd. has successfully completed its C$6 million equity financing. The financing involves the issuance of units to Ocean Partners UK Limited at a price of $0.45 per unit. Each unit consists of one common share and a half common share purchase warrant. Warrants have an exercise price of $0.60 per share, expiring 24 months from issuance, and may expire earlier if trading conditions are met.

The funds raised will be allocated to development, study work, permitting activities, and general corporate purposes. The issued shares are subject to a 24-month hold period. This move supports Grande Portage's focus on the New Amalga Gold project in Alaska, enhancing their exploration endeavors within the productive Juneau Gold Belt.