Grande Portage Completes Private Placement Raising Over $1 Million

Grande Portage Resources Ltd., based in Vancouver, has successfully concluded a non-brokered private placement. The company sold 3,470,000 units at C$0.30 each, generating total proceeds of C$1,041,000. The initiative falls under the Listed Issuer Financing Exemption as per Canadian regulations.

Each unit comprises one common share and one warrant. The warrants enable holders to purchase an additional share at C$0.45 until November 13, 2026. The funds will be allocated to the New Amalga Gold project in Alaska and for working capital. The project, part of the Juneau Gold Belt, offers significant exploration opportunities.

Grande Portage holds a full interest in the New Amalga Gold project, which boasts substantial gold and silver resources. The project is estimated to contain over 1.4 million ounces of gold and around 891,600 ounces of silver in indicated resources.