Grafton Resources Closes $2.4 Million Private Placement
VANCOUVER, BRITISH COLUMBIA — November 27, 2025 — Leads & Copy — Grafton Resources Inc. (CSE: GFT; OTCQB: PMSXF) has closed a non-brokered private placement, raising gross proceeds of $2,400,000 through the issuance of 4,800,000 units at $0.50 per unit.
Each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to buy one common share at $0.80 until November 27, 2027.
The company plans to allocate the proceeds towards covering costs related to acquiring the option for a 100% interest in the Alicahue Copper Project in Chile’s Valparaiso Region, funding exploration, fulfilling option payments and property commitments for Alicahue, and for general working capital and corporate needs.
Grafton Resources also paid finders’ fees totaling $133,784 in cash and issued 267,568 non-transferable finder’s warrants to certain arm’s length finders. Each finder’s warrant enables the holder to purchase one common share at $0.80 until November 27, 2027. The private placement is still subject to acceptance by the Canadian Securities Exchange.
Securities issued in the offering have a four-month hold period, set to expire on March 28, 2026.
Clariden Capital Ltd., owned by J. Campbell Smyth, Grafton’s Chairman and a director, participated in the offering with 345,400 units, constituting a related party transaction under Multilateral Instrument 61-101. The company was exempt from needing a formal valuation and minority shareholder approval because the insider participation didn’t exceed 25% of Grafton’s market capitalization.
The board of directors unanimously approved the offering, with J. Campbell Smyth abstaining from voting on resolutions concerning his participation. Smyth’s company, Clariden Capital Ltd., purchased 345,400 Units for $172,700 in the Offering.
Prior to this, Smyth had beneficial ownership or control over 1,560,000 common shares and 80,000 warrants, representing approximately 13.73% of issued common shares (14.33% on a partially diluted basis). Post-offering, Smyth holds 1,905,400 common shares and 252,700 warrants, accounting for about 11.79% of issued shares (13.15% on a partially diluted basis).
Smyth does not currently intend to dispose of or acquire further company securities but may do so depending on market conditions and company prospects.
An early warning report regarding the changes in security holdings will be available on SEDAR+ under Grafton Resources’ profile. For a copy of the early warning report, contact Mr. Smyth at +61403203402.
Grafton Resources Inc.’s head office is at 1400-1050 West Pender Street, Vancouver, BC V6E 3S7.
Contact: John Campbell Smyth, +61403203402
Source: Grafton Resources Inc.
Source: Grafton Resources Inc.
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