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Grande Portage Resources Ltd (2)
Symbol GPG
Shares Issued 67,594,606
Close 2020-07-09 C$ 0.64
Recent Sedar Documents

Grande Portage 10.5-million-share private placement

2020-07-09 18:52 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 3, 2020.

Number of shares:  10.5 million shares

Purchase price:  30 cents per share

Warrants:  5.25 million share purchase warrants to purchase 5.25 million shares

Warrant initial exercise price:  45 cents

Warrant term to expiry:  18 months

Number of placees:  four placees

Insider:  2176423 Ontario Ltd. (Eric Sprott), 10 million

Finders' fees:  Mackie Research Capital Corp., 151,500 shares and 75,750 warrants; Richardson GMP Ltd., $45,450 cash

Finder's warrant initial exercise price:  45 cents

Finder's warrant term to expiry:  18 months

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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