Grande Portage Completes Private Placement for $4.5 Million

Grande Portage Resources Ltd. announced the closure of a non-brokered private placement, generating $4.5 million through the sale of 22.5 million Units at $0.20 each. Conducted under the Listed Issuer Financing Exemption, it targets Canadian investors, excluding Quebec, and adheres to applicable international securities laws. Units comprise one common share and a warrant for another share at $0.26 within three years.

No insiders invested in the placement, approved by the TSX Venture Exchange pending final consent. Finder's fees include $263,550 and 1,317,750 warrants, enabling share purchase at $0.20 for 36 months. Proceeds will propel exploration at New Amalga Gold project in Alaska and general operations. This offering doesn’t extend to the USA.