$GRAY.CN

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Graycliff Exploration to Raise $2.8 Million Via LIFE Financing

Graycliff Exploration (GRAY.CN) launched a non-brokered private placement offering of up to 8-million units at $0.35 apiece, for up to $2.8 million, it said on Tuesday.Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to buy a share for $0.55 for a one-year period from the date of issuance, provided the warrants may not be exercised for a period of 60 days from the date of issuance.Proceeds will be used to advance exploration activities at its Shakespeare property, as well as for general corporate purposes and administrative expenses. The offering is scheduled to close on or about June 30.Shares of the company were last seen up 6.8% at $0.395 on the Canadian Securities Exchange.Price: $0.40, Change: $+0.03, Percent Change: +6.76%

$GRAY.CN

Mining & Metals4d ago

Graycliff Exploration Closes Mineral Claim Buy

Graycliff Exploration (GRAY.CN) closed its acquisition with King Gold Mines Ltd. to buy a 100% legal and beneficial interest in 13 strategic mineral claims that abut the company's Shakespeare Gold project located in the Shakespeare Township within the Sudbury Mining District of Ontario, it said on Friday.Graycliff paid $10,000 and issued 300,000 common shares of the company as full and final payment for the claims. It said that 150,000 of the purchaser shares have the normal regulatory four months and a day hold period and the remaining 150,000 of the purchaser shares will be held in escrow until Dec. 31, 2026.Graycliff also received a total of $22,500 from the exercise of two common share purchase warrants that were originally issued in the company's April 2026 financing. The company issued 125,000 common shares, which will continue to have a regulatory hold until Aug. 8, it said.Shares of the company were last seen unchanged at $0.415 on the Canadian Securities Exchange.

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