Wedoany.com Report, On March 6, 2026, Canadian mineral exploration company Graycliff Exploration Limited announced plans for a non-brokered private placement to issue up to 5 million units at a price of $0.12 per unit, aiming to raise up to $600,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.18 per share for a period of one year following the closing of the offering. The proceeds from the placement are intended to provide working capital and support the geological data interpretation work for the company's Shakespeare Gold Project. The company may pay a 10% cash finder's fee.

Graycliff Exploration Limited is a mineral exploration company focused on its assets. Its Shakespeare Gold Project is located approximately 80 kilometers west of Sudbury, Ontario, Canada, covering an area of 1,468 hectares. The project includes multiple leases and mining claims. The company has drilled over 12,500 meters on the project, with visible gold observed in multiple drill holes. This private placement will help the company further advance its gold exploration activities.

According to the placement plan, the securities to be offered have not been registered under U.S. securities laws and may not be offered or sold in the United States. This news release does not constitute an offer to sell securities in any jurisdiction. The company cautions investors regarding the risks associated with forward-looking information, including uncertainties related to the completion of the placement, the use of proceeds, and external factors. Investors are advised to carefully evaluate the relevant information and avoid undue reliance.