Grande Portage Completes C$1.04 Million Private Placement

Grande Portage Resources Ltd., a Vancouver-based mineral exploration company, has successfully concluded its non-brokered private placement. The company sold 3,470,000 units at C$0.30 per unit, generating gross proceeds of C$1,041,000. The offering complies with the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106.

Each unit consists of one common share and one warrant, allowing the purchase of an additional share at C$0.45 until November 13, 2026. The proceeds will support the New Amalga Gold project in Alaska, as well as general working capital.

Grande Portage holds a 100% interest in the New Amalga project, part of the prolific Juneau Gold Belt. The updated NI 43-101 resource estimate details significant gold and silver resources in the region.