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  • Grande Portage Resources Ltd. (GPG) has closed its non-brokered private placement
  • 1,106,715 units were issued at a price of $0.28 per unit for gross proceeds of $309,880
  • The net proceeds of the offering will be used to advance exploration activities at the Herbert Gold Project
  • Grande Portage has granted incentive stock options to various directors, employees, advisors and consultants
  • Grande Portage Resources Ltd. is a mineral exploration company
  • Grande Portage Resources Ltd. (GPG) is unchanged, trading at C$0.37 per share at 1:30 pm ET

Grande Portage Resources Ltd. (GPG) has closed its non-brokered private placement.

1,106,715 units were issued at a price of $0.28 per unit for gross proceeds of $309,880.

Each unit in the offering consists of one common share and one-half share purchase warrant.

Each whole purchase warrant entitles the holder to purchase one additional GPG common share at a price of $0.45 per share at any time within 24 months of the closing.

The company paid no finder’s fees in conjunction with this non-brokered placement.

The net proceeds of the offering will be used to advance exploration activities at the company’s Herbert Gold Project and for general working capital.

All securities issued are subject to a four-month hold period which expires on September 1, 2021.

Grande Portage has granted incentive stock options to various directors, employees, advisors and consultants to purchase up to 975,000 common shares exercisable on or before May 3, 2026 at a price of $0.38 per share.

Headquartered in Vancouver, BC, Grande Portage Resources is a mineral exploration company focused on its 100 per cent owned Herbert Gold property. 

 Grande Portage Resources Ltd. (GPG) is unchanged, trading at C$0.37 per share at 1:30 pm ET.

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