on Grande Portage Resources Limited (CVE:GPG)
Grande Portage Resources Secures C$5 Million Investment from Eric Sprott
Grande Portage Resources Ltd. announced a private placement worth C$5 million with investor Eric Sprott. Through 2176423 Ontario Ltd., Sprott will acquire 20 million units priced at $0.25 each. Every unit includes one common share and a warrant for half a common share, exercisable at $0.35 for two years.
The funds will support the New Amalga Gold deposit's exploration and general expenses. Completion depends on TSX Venture Exchange approval, with specific restrictions on Sprott’s warrants. President Ian Klassen highlighted the importance of this investment, enhancing the company’s financial position.
The New Amalga Gold Project, located in Southeast Alaska, has substantial gold resources and is planning underground mining operations.
R. P.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Grande Portage Resources Limited news