06:34:26 EDT Sat 20 Apr 2024
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Grizzly Discoveries Inc
Symbol GZD
Shares Issued 61,230,409
Close 2018-06-26 C$ 0.085
Market Cap C$ 5,204,585
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Grizzly Discoveries appoints Morrow as board adviser

2018-06-26 10:18 ET - News Release

Mr. Brian Testo reports

GRIZZLY APPOINTS PAUL MORROW AS ADVISOR, ISSUES OPTIONS

Grizzly Discoveries Inc. has appointed Paul Morrow as an adviser to the board of directors.

Mr. Morrow is the president and founder of SDAC, a federal contract company in Homestead, Fla., and Selma, Ala. From very humble beginnings, Mr. Morrow served in the U.S. army and, after having been injured on duty, he attained his air conditioning repair diploma and started SDAC in Homestead in 1985. In 2014, the business expanded to his hometown of Selma.

Mr. Morrow has guided the evolution of SDAC to become one of the fastest-growing, minority-owned federal contractors in the United States. He is a licensed general contractor and a mechanical contractor. Mr. Morrow has, for many years, been a volunteered member of numerous worthy organizations. He belongs to the Association of the United States Army and the Veterans & Military Business Owners Association, and is a commission appointee to the Miami Dade Council. Mr. Morrow was recognized by the U.S. Small Business Administration as the South Florida district and state of Florida small business person of the year in 2017.

In addition, Mr. Morrow mentors teens, returning service members and young entrepreneurs in HVAC (heating, ventilation and air conditioning) and how to start their own businesses.

Mr. Morrow will be assisting the board in business development and financial strategies. "Paul brings a new perspective to Grizzly," said Brian Testo, president and chief executive officer of Grizzly. "And we believe that his admirable dedication to service, combined with ample business experience, will be valuable assets to Grizzly going forward."

In conjunction with Mr. Morrow's appointment as an adviser, the board of directors has authorized the issuance of 300,000 stock options under the company's stock option plan. The options are exercisable at 10 cents and will expire on June 25, 2023, or earlier in accordance with the provisions of the company's stock option plan. The grant of the options is subject to acceptance by the TSX Venture Exchange.

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company focused on developing its precious metals properties in southeastern British Columbia, and significant potash and diamond assets in Alberta. The company holds or has an interest in over 180,000 acres of precious metal, base metal and cobalt properties in British Columbia; metallic and industrial mineral permits for potash covering more than 60,000 acres along the Alberta-Saskatchewan border; and more than 161,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta.

The content of this news release and the company's technical disclosure has been reviewed and approved by Michael Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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