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Grizzly Discoveries ( (TSE:GZD) ) has shared an update.
Grizzly Discoveries has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $541,100 through the sale of 2,030,000 units and 13,430,000 flow-through units priced at $0.035 each. The financing structure includes common shares and warrants with exercise prices of $0.055 and varying expiry terms, and the offering remains open for additional subscriptions subject to TSX Venture Exchange final approval.
In connection with this initial closing, the company paid $29,463 in cash finders’ fees and issued 841,800 non-transferable finder’s warrants on terms equivalent to the flow-through unit warrants. Following the transaction, Grizzly has 221,925,956 common shares outstanding, with the newly issued securities subject to a hold period until July 18, 2026, underscoring a modest but meaningful capital infusion to support its ongoing mineral exploration activities.
The most recent analyst rating on (TSE:GZD) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Grizzly Discoveries stock, see the TSE:GZD Stock Forecast page.
Spark’s Take on GZD Stock
According to Spark, TipRanks’ AI Analyst, GZD is a Neutral.
The score is held down primarily by weak fundamentals—no revenue, ongoing losses, and negative operating cash flow—despite some improvement in loss and cash burn. Technicals are a notable offset, with price above key moving averages and positive MACD, while valuation is constrained by a negative P/E tied to unprofitability.
To see Spark’s full report on GZD stock, click here.
More about Grizzly Discoveries
Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company listed on the TSX Venture Exchange, with additional listings in Frankfurt and on the OTCQB. The company focuses on developing roughly 72,700 hectares of precious and base metals properties in southeastern British Columbia, leveraging a management team experienced in advancing projects from early exploration through feasibility stages.
Average Trading Volume: 118,176
Technical Sentiment Signal: Hold
Current Market Cap: C$7.23M
See more data about GZD stock on TipRanks’ Stock Analysis page.