Grande Portage Announces $2 Million Private Placement

Grande Portage Resources Ltd. has announced a non-brokered private placement aiming to raise up to C$2,000,000. The offering consists of 10 million units, priced at C$0.20 each, available to investors outside Quebec and abroad, complying with local securities laws. Each unit includes one common share and one warrant, the latter allowing purchase of an additional share at C$0.26 within 36 months.

Red Cloud Securities Inc. will assist with the offering, receiving a 7% commission and warrants. Proceeds will support Grande Portage's New Amalga Mine project in Alaska. The offering may close in multiple phases, depending on necessary approvals.

The offering, exempt from U.S. registration, prohibits U.S. sales. Grande Portage emphasizes potential risks, urging careful consideration of forward-looking statements.