Silver Grail Resources Ltd. announced a non-brokered private placement to issue 3,000,0000 units at an issue price of CAD 0.10 for the gross proceeds of CAD 300,000 on October 4, 2023. The transaction is subject to the approval of the TSX Venture Exchange. Each unit will consist of one common share and a common share purchase warrant.

Each warrant is exercisable into one common share at a price of CAD 0.15 for a period of two years from closing. The transaction may include participation from certain insiders and no finders' fees or other commissions associated with the transaction.