Grizzly Discoveries Extends Private Placement to Raise $1 Million

An announcement from Grizzly Discoveries ( (TSE:GZD) ) is now available.

Grizzly Discoveries Inc. has announced an extension to its private placement offering, aiming to raise up to $1,000,000 through the issuance of Units and FT Units. The proceeds will be allocated towards mineral property exploration, mineral rights, exploration permits, and corporate overhead. The offering, available to qualified subscribers in select Canadian provinces, is subject to TSX Venture Exchange approval and includes potential finders fees.

Spark’s Take on TSE:GZD Stock

According to Spark, TipRanks’ AI Analyst, TSE:GZD is a Underperform.

Grizzly Discoveries is facing severe financial difficulties, with no revenue and persistent losses impacting its performance. The technical analysis indicates a stagnant market sentiment, and the valuation reflects ongoing financial challenges. However, the company’s recent corporate actions, including a private placement and new drilling permits, offer some potential for future improvement. Overall, the stock score is low, indicating a need for substantial improvement in revenue generation and financial management.

To see Spark’s full report on TSE:GZD stock, click here.

More about Grizzly Discoveries

Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company listed on the TSX Venture Exchange. It focuses on developing approximately 72,700 hectares of precious and critical minerals properties in southeastern British Columbia. The company is managed by a team with extensive experience in advancing exploration projects from early stages to feasibility.

Average Trading Volume: 61,063

Technical Sentiment Signal: Sell

Current Market Cap: C$3.19M

For detailed information about GZD stock, go to TipRanks’ Stock Analysis page.