Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jason Baker was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Graycliff Exploration Limited announced that it has received CAD 0.649957 million in funding On April 8, 2026, Graycliff Exploration Limited closed the transaction. The transaction is oversubscribed. Prior to the completion of the Offering, Arndt Roehlig held an aggregate of 1,500,000 Common Shares. Upon completion of the Offering, investor will hold an aggregate of 2,300,000 Common Shares,representing approximately 13.92% of the issued and outstanding Common Shares on an undiluted basis and approximately 13.88% on a fully-diluted basis Duyuru • Mar 07
Graycliff Exploration Limited announced that it expects to receive CAD 0.6 million in funding Graycliff Exploration Limited announced a non-brokered private placement to issue up to 5,000,000 units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 600,000 on March 6, 2026. Each Unit will be composed of one common share of the Company and one half of one (1/2) common share purchase warrant, each Warrant to be exercisable at CAD 0.18 per Share for one year from issuance. The Company may pay finder's fees of 10% in cash. Duyuru • Jan 27
Graycliff Exploration Limited, Annual General Meeting, Mar 30, 2026 Graycliff Exploration Limited, Annual General Meeting, Mar 30, 2026. New Risk • Jan 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (64% average weekly change). Negative equity (-CA$471k). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.54m market cap, or US$1.12m). Duyuru • Jan 22
Graycliff Exploration Limited announced that it has received CAD 0.113 million in funding On January 22, 2026, Graycliff Exploration Limited closed the transaction. The company issued 1,130,000 common shares at a price of CAD 0.1 per share for aggregate gross proceeds of CAD 113,000. The offering constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as insiders of the company subscribed for an aggregate of 2.22 million common shares. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(g) and 5.7(1)(e) of MI 61-101 as the company has financial challenges and the transaction is designed to improve the financial position of the company, as determined in accordance with MI 61-101. Prior to the completion of the offering, Arndt Roehlig did not hold any common shares. Upon completion of the offering, Roehlig will hold an aggregate of 1.5 million common shares, representing approximately 17.04 per cent of the issued and outstanding common shares on an undiluted basis and approximately 16.62 per cent on a fully diluted basis. Duyuru • Dec 30
Graycliff Exploration Limited announced that it expects to receive CAD 0.44 million in funding Graycliff Exploration Limited announced a non-brokered private placement to issue 4,400,000 common shares at an issue price of CAD 0.10 for gross proceeds of CAD 440,000 on December 29, 2025. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and there sale rules of applicable securities legislation. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange. The company may pay finders fees and commissions of up to 10% of al funds raised in shares or in cash. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Nick Konkin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • May 31
Graycliff Exploration Limited, Annual General Meeting, Jul 24, 2024 Graycliff Exploration Limited, Annual General Meeting, Jul 24, 2024. New Risk • Nov 03
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$71k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$467k free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$71k). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$704.4k market cap, or US$515.3k). Minor Risk Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Duyuru • Feb 18
Graycliff Exploration Limited, Annual General Meeting, May 10, 2023 Graycliff Exploration Limited, Annual General Meeting, May 10, 2023. Duyuru • Oct 12
Graycliff Exploration Reports Further High- Grade Gold Assay Results in Phase 4 Drilling At Shakespeare Project, Ontario Graycliff Exploration Limited released the next batch of assay results from the Phase Four drilling program at the Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Four drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth. Drill Hole J-52 intersected 14.39 grams per tonne of gold over 3.0 metres including 41.00 g/t Au over 1.0 m. Additionally, J-53 intersected 5.35 g/t Au over 5.0 m, including 21.40 g/t Au over 1.0 m. Duyuru • Oct 07
Graycliff Exploration Expands Gold Zone at Shakespeare Project, Ontario Graycliff Exploration Limited released assay results from the next three holes of the Phase Four drilling program at the Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Four drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth. Drill Hole J-49 intersected 10.09 grams per tonne of gold ("g/t Au") over 6.0 metres ("m"), including 23.80 g/t Au over 1.0 m, 15.40 g/t Au over 1.0 m and 12.70 g/t Au over 1.0 m. Duyuru • Sep 29
Graycliff Exploration Limited Intersects 9 Metres of Gold Mineralization Grading 10.93 G/T in Phase 4 Drilling At Shakespeare Project, Ontario Graycliff Exploration Limited released first assay results from Phase Four drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Four drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth. Drill Hole J-48 intersected 10.93 grams per tonne of gold ("g/t Au") over 9.0 metres ("m"), including 19.0 g/t Au over 1.0 m, 28.6 g/t Au over 1.0 m and 24.5 g/t Au over 1.0 m. Drill Hole J-46 intersected 4.43 g/t Au over 7.0 m, including 6.84 g/t Au over 1.0 m and 18.8 g/t Au over 1.0 m. Significant intervals for Holes J-46 to J-48. Bruce Durham, P.Geo., is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release. Duyuru • Sep 21
Graycliff Exploration Limited Releases Remaining Phase Three Drilling Results At Shakespeare Gold Project Graycliff Exploration Limited to release the final batch of assay results from the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Three focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago. Drill Hole J-43 intersected 1.29 grams per tonne of gold ("g/t Au") over 5.00 metres ("m"). Throughout the first three phases of drilling, the Company completed approximately 8,000 metres of drilling, with Phase Three achieving its goal of expanding the mineralized zone at depth by approximately 150 m and increasing the width along strike to over 150 m. Duyuru • Jul 13
Graycliff Exploration Limited announced that it expects to receive CAD 0.65 million in funding Graycliff Exploration Limited announced a non-brokered private placement of up to 3,250,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 650,000 on July 12, 2022. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share at a price of CAD 0.30 for a period of 36 months from the date of issue.
On the same date, the company issued 2,950,000 units for gross proceeds of CAD 590,000 in its first tranche closing. The Company will pay a cash finders' fee of CAD 32,000 and issue 160,000 finders' warrants, representing 8% cash and 8% finder's warrants. Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will have a hold period of four months and one day from the date of issuance. Duyuru • May 18
Graycliff Exploration Limited Releases New Batch of Assay Results from Phase Three Drilling Program at its Shakespeare Gold Project Located on Canadian Shield Near Sudbury, Ontario Graycliff Exploration Limited released a new batch of assay results from drilling the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Three focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago. Drill Hole J-36 intersected 6.23 grams per tonne of gold (g/t Au) over 5.00 metres (m), including 14.30 g/t Au over 1.00 m. Results continue to show strong gold mineralization extending from surface to the current limit of drilling at depth. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). President, CEO & Director Jamie Macintosh is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Chairman David Lees was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 27
Graycliff Exploration Limited Reports High Gold Grades in Surface Channels At Shakespeare Project, Ontario Graycliff Exploration Limited announced field channel sampling results from its Phase 3 exploration program at Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The channel sample results were located proximal to the historic Miller Shaft and the boundaries of the mineralized zone identified Phases 1 through 3 of drilling. The highlighted samples below include 137.00 g/t gold ("Au") over 0.71 metres ("m") 54.20 g/t Au over 0.56 m and 15.30 g/t Au over 0.49 m. Duyuru • Feb 18
Graycliff Exploration Limited Completes Phase Three Drilling At Shakespeare Project, Ontario Graycliff Exploration Limited announced that the Company has completed Phase Three drilling (see press release dated June 3, 2021) at its Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The program successfully expanded the extent of alteration, quartz veining and gold mineralization proximal to the historic Miller Shaft. To date, Graycliff has drilled approximately 7,000 metres in the first three phases at Shakespeare, reporting assay results on 24 out of 45 completed holes and significantly expanding the existing mineralized zone surrounding the Miller Shaft by approximately 150 m at depth and 120 m along strike. The mineralized zone, which strikes NE-SW, remains open to expansion in all directions. The original green zone was from two aligned holes in green. Duyuru • Feb 16
Graycliff Exploration Limited, Annual General Meeting, Jun 15, 2022 Graycliff Exploration Limited, Annual General Meeting, Jun 15, 2022. Duyuru • Jan 26
Graycliff Exploration Limited Announces Assay Results from Drilling on its Shakespeare Gold Project Located on the Prolific Canadian Shield Near Sudbury, Ontario Graycliff Exploration Limited announced assay results from drilling on its Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The results are the initial assays from the 2021 portion of the Phase Three program that is focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago. Drill Hole J-22-21 intersected two mineralized intervals of over 46 g/t gold ("Au") over 2.70 metres ("m") and 4.80 metres, respectively. The wider and deeper intersection included 13.20 g/t Au over 0.80 m and 415.00 g/t over 0.50 metres. Duyuru • Dec 17
Graycliff Exploration Limited announced that it has received CAD 1.426488 million in funding On December 16, 2021, Graycliff Exploration Limited closed the transaction. The company has issued 1,124,999 units for gross proceeds of CAD 349,498.80 in the second tranche. The transaction will include participation from four directors of the company. The company issued aggregate of 4,754,960 flow-through units for aggregate gross proceeds of CAD 1,426,488 in the transaction. Each finder’s warrant is exercisable for one common share at a price of CAD 0.30 and will expire two years from the closing date. Duyuru • Dec 09
Graycliff Exploration Limited announced that it expects to receive CAD 1.076989 million in funding Graycliff Exploration Limited announced a non-brokered private placement of 3,589,963 flow-through units at a price of CAD 0.30000029248 per unit for gross proceeds of CAD 1,076,989.95 on December 8, 2021. Each flow-through unit is comprised of one flow-through common share and one-half of one purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of CAD 0.45 for two years from the closing. The transaction includes participation from one of the directors of the company. In connection with the transaction, the company expects to pay a cash commission equal to 7% of the aggregate proceeds sourced by the finder and finder’s warrants in an amount equal to 7% of the aggregate number of flow-through units sourced by the finder. Each finder’s warrant is exercisable for one common share at a price of CAD 0.30 and will expire two years from the closing date. All securities issued in the transaction will be subject to a hold period of four months and one day from the date of issuance.
On the same date, the company has received its first tranche. Duyuru • Sep 24
Graycliff Exploration Limited Expands Near Surface High-Grade Interval in Hole 9 to 13.32 g/t Gold Over 16.0 Metres Graycliff Exploration Limited announced expanded (full) assay results on the previously announced second drill hole of its over 2,000 metre phase two core drilling program on the company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. Drill Hole J-9-21 intersected a mineralized interval of 13.32 g/t gold ("Au") over 16.0 metres, including the previously announced interval of 52.0 g/t Au over 4.0 m. Executive Departure • Sep 01
Independent Non-Executive Chairman Samuel Hardy has left the company On the 30th of August, Samuel Hardy's tenure as Independent Non-Executive Chairman ended after 3.5 years in the role. As of June 2021, Samuel still personally held 250.00k shares (CA$170k worth at the time). Samuel is the only executive to leave the company over the last 12 months. Duyuru • Aug 13
Graycliff Exploration Expands Near Surface High-Grade Interval in Hole 8 to 16.37G/T Gold over 16.0 Metres Graycliff Exploration Limited announced expanded (full) assay results on the previously announced first drill hole of its over 2,000 metre ("m") phase two core drilling program on the Company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. Drill Hole J-8-21 intersected a mineralized interval of 16.37 g/t gold ("Au") over 16.0 metres including the previously announced interval of 67.10 g/t Au over 3.0 m. Based on analysis of the drill hole J-8-21, first hole from the phase two drilling, in combination with prior results, now believe that there is one larger zone of mineralization, not two narrower parallel zones as shown in earlier press releases. This broad 16 metre section with two distinct high-grade intervals is located approximately 30 metres down-dip of the mineralization that reported from drill hole J-7-20. The company expects to able to release additional assay results from the phase two drilling in the coming weeks. Phase Three drilling continues in the vicinity of the Miller shaft, along strike and down-dip of the high-grade intersection in hole J-8-21. A number of batches of samples have been delivered to the analytical lab in Sudbury and assay results are expected in September for several holes. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Independent Non-Executive Chairman Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 23
Independent Director recently sold CA$81k worth of stock On the 18th of June, David Lees sold around 110k shares on-market at roughly CA$0.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$77k more than they bought in the last 12 months. Duyuru • Jun 16
Graycliff Exploration Limited Announces Limited Assay Results of Shakespeare Gold Project Graycliff Exploration Limited announced limited assay results of the second drill hole from its phase two core drilling program on the company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The two high-grade gold intersections intersected drill hole J-9-21 is located approximately 20 m down-dip of the mineralization reported from drill hole J-8-20 that highlighted an interval grading 67 g/t Au over 3m and both holes J-8-21 and J-9-21 are below hole J-7-20. Sample materials from several other drill holes have been delivered to the assay lab and those assay results are expected to be available in somewhat regular intervals over the coming weeks. Duyuru • Jun 04
Graycliff Exploration Mobilizes Second Drill Rig and Commences Phase Three Drilling At Shakespeare Graycliff Exploration Limited announced that the company has commenced an expanded comprehensive phase three (3) drill program at the Graycliff's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The Company is mobilizing a second drill rig that will allow the Company to significantly increase the flow of information from the project. Phase 3 Exploration Highlights: Phase 3 drilling program will include the mobilization of a second drill rig to the project as part of the Company's plan to complete approximately 5,000 metres ("m") of core drilling with average hole lengths of approximately 150 m. Drilling will continue to focus on the gold mineralized zones proximal to the Miller Shaft with new drill hole locations being selected using the results of the ongoing 3D modelling of the Phase one and Phase two geological information and assay results. Future completion of Phase 3 drilling is poised to bring the total drilling to approximately 8,500 metres for Graycliff's maiden 2020/2021 drilling programs at Shakespeare. Surface sampling, geophysical surveying, and prospecting at the recently acquired Baldwin Project will be undertaken as well. Duyuru • May 29
Graycliff Exploration Identifies Visible Gold in Drill Core from the Phase Two Program At the Shakespeare Gold Project Graycliff Exploration Limited announced that visible gold ("VG") has been identified in multiple holes from its recently completed 2,000 metre ("m") phase two core drilling program on the Company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The initial results of 67 g/t over 3.0 metres released last week from Hole #8 was the first hole where VG was identified. Graycliff's Phase 2 Drilling consisted of 14 core diamond drill holes totaling 2,000 metres and focused on expanding the previously identified mineralization and the new mineralized zone identified in Phase 1 drilling. The mineralized area is in the vicinity of the Miller Shaft and above the Number 3 adit. Duyuru • May 20
Graycliff Exploration Drills 67 g/t Gold Over 3.0 Metres Near Surface Graycliff Exploration Limited announced limited assay results of the first drill hole of its over 2,000 metre ("m") phase two core drilling program on the Company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. Drill Hole J-8-21 intersected a mineralized interval of 66.98 g/t gold ("Au") over 3.0 m. This high-grade gold intersection in drill hole J-8-21 is located approximately 30 m down-dip of the mineralization reported from drill hole J-7-20 that highlighted an interval grading 8.59 g/t Au over 5.5m. Sample materials from several other drill holes have been delivered to the assay lab and those assay results are expected to be available in somewhat regular intervals over the coming weeks. Qualified Person: Bruce Durham, P.Geo, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release. Duyuru • May 14
Graycliff Exploration Limited (CNSX:GRAY) acquired additional 68 mining claims comprising approximately 1,500 hectares in Ontario for CAD 0.94 million. Graycliff Exploration Limited (CNSX:GRAY) acquired additional 68 mining claims comprising approximately 1,500 hectares in Ontario for CAD 0.94 million on May 5, 2021. Under the terms of the Acquisition, Graycliff will issue 1,800,000 common shares for a 100% interest in the Baldwin Project, subject only to a 2% net smelter return royalty.
Graycliff Exploration Limited (CNSX:GRAY) completed the acquisition of additional 68 mining claims comprising approximately 1,500 hectares in Ontario on May 5, 2021. Duyuru • Apr 16
Graycliff Exploration Limited announced that it has received CAD 2.43475 million in funding Graycliff Exploration Limited (CNSX:GRAY) announced a non-brokered private placement of 1,246,333 non flow-through units at a price of CAD 0.75 per unit for gross proceeds of CAD 934,749.75 and 1,875,000 flow through shares at a price of CAD 0.80 per share for gross proceeds of CAD 1,500,000, for aggregate gross proceeds of CAD 2,434,749.75 on April 15, 2021. Each non flow-through unit is comprised of one non flow-through common share and one-half of one non flow-through purchase warrant. Each non flow-through warrant will entitle the holder to purchase one additional common share which is not a flow-through share at a price of CAD 1 for two years from the closing. The transaction included participation from both existing and new shareholders. The company paid finder's fees of CAD 167,808 and issued 214,993 finder’s warrants. Each finder’s warrant has a price of CAD 0.75 per share and an expiry two years from the closing. Duyuru • Mar 12
Graycliff Exploration Commences Phase Two of Exploration At Shakespeare Gold Project Graycliff Exploration Limited announced that drilling has resumed as part of phase two of the 2020/2021 exploration program at the Company's Shakespeare Gold Project ("Shakespeare") located on the prolific Canadian Shield near Sudbury, Ontario. The Company is awaiting assay results from the final three holes from the Phase 1 drill program, which extended the previously identified mineralization and resulted in the discovery of a new mineralized zone. Phase 2 Exploration Highlights: The first round of 2021 core drilling will be 1,000 metres ("m") with an average hole length of 150 m. Drilling is continuing to focus on the mineralized zone area in the vicinity of the Miller Shaft, in order to provide the Company with a much more comprehensive understanding of structural and geological controls that affect the distribution of the gold mineralization. Following the receipt of the Phase 2 assay data on these new holes, Graycliff will be carrying out 3D modelling of the interpreted structure and gold mineralization. Duyuru • Mar 07
Graycliff Exploration Limited Announce the Results of Two Additional Drill Holes from the 2020 Phase One Exploration Core Drilling Program Graycliff Exploration Limited announced the results of two additional drill holes from the 2020 phase one exploration core drilling program on the company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. 2020 Core Drilling Highlights: Drill Hole J-3-20 intersected a near surface mineralized interval of 5.37 g/t gold ("Au") over 5.0 metres ("m"), including 18.50 g/t Au over 1.0 m and 4.34 g/t Au over 0.7 m. Drill Hole J-3-20 confirmed the extension of the interpreted mineralized zone between holes J-1-20 (angled north) and J-2-20 (angled northwest). Drill HoleJ-4-20, which was positioned 25 m to the southeast and angled between J-2-20 and J-3-20 to test the zone at depth, confirmed that the interpreted zone of mineralization remains open at depth. Phase 1 of the 2020/21 Drill Program was focused on extending the previously identified mineralized area in the vicinity of Miller Shaft above the level of the #3 Adit. Is New 90 Day High Low • Mar 05
New 90-day high: CA$0.58 The company is up 18% from its price of CA$0.49 on 04 December 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 5.0% over the same period. Duyuru • Feb 24
Graycliff Exploration Drills 5.51 g/t Gold over 4.60 Metres Near Surface and Expands Zones of Gold Mineralization at Shakespeare Project Graycliff Exploration Limited announced the results of the first two holes from the previously announced core drilling program on the Company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. 2020 Core Drilling Highlights Drill Hole J-1-20 intersected a strong mineralized interval of 5.51 g/t gold ("Au") over 4.60 metres ("m"), including 23.60 g/t Au over 0.80 m and 3.00 g/t Au over 1.8 m. Drill holes J-1-20 and J-2-20 were positioned to test the extent of the gold mineralization near surface between the historic Miller Shaft and the #3 Adit. The #3 Adit, which is essentially at ground level, is approximately 60 metres below the elevation of the Miller Shaft. Drill hole J-1-20 was drilled almost due north and encountered strong near surface gold mineralization, which expands the area of known gold mineralization to the east. Drill hole J-2-20 encountered two areas of gold mineralization and has resulted in a new interpreted zone of gold mineralization parallel to the historic zone identified in 2014. Graycliff's initial drill program is on-going and will continue to focus on the area surrounding the historic Shakespeare Mine to confirm the structure and extent of the gold mineralization along strike and at depth. The Company has samples from five (5) additional drill holes from phase 1 at the assay lab and expects additional results to be available later in February. The Company also expects to commence Phase 2 of the drilling program before the end of Q1, 2021. Duyuru • Feb 10
Graycliff Exploration Discovers New Target Area from 2020 Shakespeare Field Sampling Program Graycliff Exploration Limited announced the results of its 2020 field study on the Company's Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. Graycliff focused on testing the mineralized trend northwest of the Former Shakespeare Gold Mine. The completed field sampling discovered a new target area called the Harmer Zone, which returned copper values as high as 3.47%. The 1.0 metre ("m") wide semi-massive to massive sulfide zone with quartz veining is mineralized along an east-west tending strike for 75 m. The Harmer Zone, which appears to be open along strike, also returned anomalous values of silver grading 11.8 g/t, cobalt grading 1,860 ppm and trace gold values. Graycliff's plans in 2021, include line cutting a 40 km grid and an IP survey. Following the receipt and review of the results from company initial seven-hole, 1,135 m drilling program, the Company will release the plan for the expanded exploration program. The 2020 drill program results are expected in February 2021. Is New 90 Day High Low • Jan 22
New 90-day low: CA$0.45 The company is down 45% from its price of CA$0.82 on 23 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period. Duyuru • Jan 22
Graycliff Exploration Limited announced that it has received CAD 0.2 million in funding Graycliff Exploration Limited (CNSX:GRAY) announced a non-brokered private placement of 400,000 units at a price of CAD 0.50 per unit for gross proceeds of CAD 200,000 on January 20, 2021. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share for a period of 24 months following the closing of the transaction at an exercise price of CAD 0.60 per share. The company paid finder’s fee commissions of CAD 9,200 in cash and issued 18,400 finder’s warrants in the transaction. Each finder’s warrant has a strike price of CAD 0.50 per share and an expiry of 24 months from the closing. Duyuru • Dec 25
Graycliff Exploration Limited announced that it has received CAD 0.78 million in funding Graycliff Exploration Limited (CNSX:GRAY) announced a non-brokered private placement of 1,560,000 common shares issued on a flow-through basis at a price of CAD 0.50 per share for gross proceeds of CAD 780,000 on December 24, 2020. As a part of transaction, the company paid finder’s fee of CAD 61,200 in cash and 113,600 broker warrants. Each broker warrant has a strike price of CAD 0.50 per share and an expiry two years from the closing. Is New 90 Day High Low • Dec 11
New 90-day low: CA$0.47 The company is down 34% from its price of CA$0.71 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 10.0% over the same period. Duyuru • Nov 28
Graycliff Exploration Limited, Annual General Meeting, Dec 18, 2020 Graycliff Exploration Limited, Annual General Meeting, Dec 18, 2020, at 10:00 US Eastern Standard Time. Location: 401 Bay Street, Suite 2702 Toronto Ontario Canada Agenda: To receive the audited consolidated financial statements of the Corporation as at and for the years ended December 31, 2019 and December 31, 2018, together with management discussion and analysis and the report of the Auditors thereon; to fix the number of directors at four (4) and to elect four (4) directors of the Corporation for the ensuing year; to re-appoint Clearhouse LLP (formerly, SDVC LLP), as the Auditors Auditors of the Corporation for the ensuing year and to authorize the directors of the Corporation to fix the remuneration to be paid to the Auditors; and to discuss the other matters. Duyuru • Oct 29
Graycliff Exploration Limited Commences Drilling Program Graycliff Exploration Limited announced that the Company's maiden drill program has commenced at the Shakespeare Gold Project, near Sudbury, Ontario. Graycliff will complete 2,000 metres ("m") of core drilling in 2020. The program will initially be focused on the area surrounding the former Shakespeare Mine shaft and along strike for over six (6) kilometres following the prospective gold horizon that the Company has identified through its analysis of historical data. The Company has also initiated the permitting process to re-open the exploration adit that was driven into the 3rd level (the "#3 Adit") of the former Shakespeare Mine, which will allow the Company to carry out additional drilling from underground. The assay result cited above was taken from a historic report (Card - 1976). Readers are advised that the historical records referred to in this release were examined, but not verified by a "Qualified Person". Further work is required to verify that the historical assays referred to in this release are accurate. The Company also announces that it has granted 200,000 options to Directors of the Company. Duyuru • Oct 15
Graycliff Exploration Limited (CNSX:GRAY) acquired 15 Mining Claims at Shakespeare Gold Project in Sudbury, Ontario for approximately 0.8 million. Graycliff Exploration Limited (CNSX:GRAY) acquired 15 Mining Claims at Shakespeare Gold Project in Sudbury, Ontario for approximately 0.8 million on October 15, 2020. Under the terms of the acquisition, Graycliff will issue 0.975 million common shares for the New Claims.
Graycliff Exploration Limited (CNSX:GRAY) completed the acquisition of 15 Mining Claims at Shakespeare Gold Project in Sudbury, Ontario on October 15, 2020. Duyuru • Sep 29
Graycliff Exploration Limited Announces the Commencement of the 2020 Exploration Program on the Company's 517 Hectare Shakespeare Gold Project Graycliff Exploration Limited announced the commencement of the 2020 exploration program on the company's 517 hectare Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. As part of the 2020 exploration plan, the Company will focus primarily around the brownfields area surrounding the past producing Shakespeare gold mine. Exploration highlights include: Historical data compilation and desktop analysis of historic work, Line cutting and prospect mapping of all historical trenches, IP and geophysical surveys - highlight drill targets, Drilling program - approximately 2,000 metres of diamond drilling. Duyuru • Sep 26
Graycliff Exploration Limited announced that it has received CAD 0.53 million in funding Graycliff Exploration Limited (CNSX:GRAY) announced a non-brokered private placement of 530 5% unsecured convertible debentures at an issue price of CAD 1,000 per debenture for gross proceeds of CAD 530,000 on September 25, 2020. The transaction included participation from one strategic investor. The debenture will have a maturity of 24 months from the closing date and will bear interest at a rate of 5% per annum, payable at maturity in cash or common shares at the conversion price. Each debenture may be converted at the option of the holder into 1,667 common shares at a price of CAD 0.60 per share. The debentures are subject to a four-month hold period under applicable Canadian securities law. The transaction is subject to final regulatory and exchange approvals.