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Victoria, British Columbia, Canada TheNewswire - October 17, 2025. Silver Grail Resources Ltd. ("Silver Grail" or "the Company") ("SVG"-TSX-V) reports that due to strong demand it intends to upsize the non-brokered private placement announced by way of a news release on Oct. 2, 2025 to 5,000,000 units ("Units") at a price of $0.23 per Unit for gross proceeds of up to $1,150,000 (the "Upsized Offering"), subject to the approval of the TSX Venture Exchange. Each Unit will consist of one common share ("Common Share") and a Common Share purchase warrant ("Warrant"); each Warrant is exercisable into one Common Share at a price of $0.33 for a period of two years from closing.
There are no finder's fees or other commissions associated with the transaction. All securities issued in connection with the Upsized Offering will be subject to a four-month hold period from the date of closing. The proceeds of the financing will be used to pay for 2025 exploration of the Ram property as well as further exploration of the Company's other mineral properties in the Golden Triangle and also for general corporate purposes
It is anticipated that certain insiders of the Company will participate in the Upsized Offering. The participation of any insiders may be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). Such insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a), 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the specified exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the Securities to be distributed to the insiders will not exceed 25% of the Company's market capitalization.
About Silver Grail
Silver Grail Resources Ltd. is a junior exploration company with a large portfolio of properties in the southern portion of the Golden Triangle region of British Columbia. Its legacy properties, some more than thirty years old, form large islands within the extensive claim holdings of Goliath Resources in this area.
ON BEHALF OF THE BOARD OF DIRECTORS OF Silver Grail Resources Ltd.
"Dino Cremonese"
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.silvergrail.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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