Grande Portage Closes Equity Financing

Grande Portage Resources Ltd. has successfully concluded a non-brokered private placement, issuing 5,836,221 units at a price of $0.18 per unit for gross proceeds of $1,050,520. The final approval from the TSX Venture Exchange is pending. Each unit includes one common share and one share purchase warrant, which allows the holder to purchase an additional common share at $0.25 within 24 months.

The company will also pay $22,858 in cash and issue 119,210 Finder's Warrants. These warrants permit holders to buy one common share at $0.25 within 24 months. All securities come with a four-month hold period.

Grande Portage focuses on mineral exploration, particularly the Herbert Gold project in Alaska. The project is part of the Juneau Gold Belt, which has historically produced over seven million ounces of gold.