Grizzly Discoveries (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) has entered into an agreement with Northern Securities Inc. to act as agent for a best efforts private placement of units and flow-through units of the Company.
As quoted in the press release:
The Offering will consist of up to $1,000,000 in Units at a price of $0.12, and up to $4,000,000 in Flow-Through Units at a price of $0.165, subject to minimum gross proceeds of $1,000,000 in any combination of Units and Flow-Through Units. Each Unit will consist of one common share and one common share purchase warrant (each whole warrant, a “Warrant”). Each Flow-Through Unit will consist of one common share and one half of a Warrant. Each Warrant shall be exercisable for a 12 month period from the date of issue at a price of $0.18.