# Grizzly Discoveries Raises $359.9K and Takes 100% Ownership of Midway-Beaverdell

- URL: https://stocks.freetheai.org/news/grizzly-discoveries-raises-359-9k-and-takes-100-ownership-of-midway-beaverdell-319742
- Published: 2026-10-16T20:34:00Z
- Category: company_news; sentiment: mixed; impact: low
- Symbols: [TSXV:GZD](https://stocks.freetheai.org/symbols/TSXV-GZD)
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Grizzly Discoveries Inc. (TSXV:GZD) has closed a private placement financing, raising $359,875 to fund its ongoing mineral exploration and general working capital needs. Alongside the financing, the junior exploration company completed its option agreement to secure a 100% interest in the mineral rights for the Midway-Beaverdell property.

The transaction consolidates full ownership of Midway-Beaverdell, giving the company complete control over future development and exploration activities. The placement involved issuing standard units priced at $0.05 with attached $0.12 warrants, as well as flow-through units priced at $0.055 and $0.06 intended for exploration and critical minerals work. Following the offering, Grizzly Discoveries has 240,313,037 shares outstanding. Shares of the company fell 11.11% to 0.04 CAD following the update.

Investors will be watching for upcoming exploration updates and potential drilling results to see how the company utilizes its expanded capital base and unified property rights.

## Key points

- Grizzly Discoveries Inc. raised $359,875 in private placement proceeds for exploration and working capital.
- The company completed its option to acquire 100% of the mineral rights at the Midway-Beaverdell property.
- Units were issued at $0.05 with $0.12 warrants, alongside flow-through units priced at $0.055 and $0.06.
- Total shares outstanding increased to 240,313,037 following the completed financing.
- Shares of TSXV:GZD declined 11.11% to 0.04 CAD on the day of the announcement.

## Questions and answers

### How much money did Grizzly Discoveries raise?

Grizzly Discoveries raised $359,875 through a private placement of units and flow-through units to fund exploration work and working capital.

### What property did Grizzly Discoveries acquire full control of?

Grizzly Discoveries completed an option agreement to obtain 100% ownership of the mineral rights for the Midway-Beaverdell property.

### How many shares does Grizzly Discoveries now have outstanding?

Following the private placement, Grizzly Discoveries has 240,313,037 shares outstanding.