Grande Portage Resources Ltd. announced a non-brokered private placement of 5,550,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,110,000 on May 10, 2023. Each unit consists of one common share and one share purchase warrant. Each whole warrant entitles the unit holder to purchase one additional common share at a price of CAD 0.30 per share at any time within 24 months of the closing.

The securities are restricted to a four-month hold period which expires on September 10, 2023. No finder's fees were paid in conjunction in the transaction. The transaction included participation from eight placees.