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Grizzly Discoveries Announces Cancellation of Private Placement
Published : November 14, 2012
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EDMONTON, ALBERTA--(Marketwire - Nov. 14, 2012) - Grizzly Discoveries Inc. (News - Market indicators)(OTCQX:GZDIF)(FRANKFURT:G6H) ("Grizzly" or the "Company") and Northern Securities Inc. (the "Agent") have mutually agreed to cancel the best efforts private placement of Units and Flow-Through Units originally announced and subsequently amended on October 18, 2012 due to unfavourable market conditions.

Management has assessed that financing is currently not available at terms acceptable to the Company in regards to preserving as much as possible the Company's corporate structure, and would cause unreasonable dilution to its existing shareholders. The Company is currently reviewing its exploration plans for the upcoming year in order to maximize the impact of its current available working capital of approximately $1.5 million. 

About Grizzly Discoveries Inc.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,725,268 common shares issued and outstanding.

Grizzly is an aggressive and diversified Canadian mineral exploration company exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in Diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; the ability to satisfy the conditions of closing of the Offering; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.



Grizzly Discoveries Inc.
Brian Testo
President
(780) 693-2242
www.grizzlydiscoveries.com
or
IR PRO COMMUNICATIONS
Nancy Massicotte
Investor Relations
604-507-3377 or Toll Free: 1-866-503-3377
ir@grizzlydiscoveries.com
www.irprocommunications.com
Companies Mentionned : Grizzly Discoveries | Reliance |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Grizzly Discoveries Inc.

EXPLORATION STAGE
CODE : GZD.V
ISIN : CA3986921037
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Grizzly Discoveries is an exploration silver and gold company based in Canada.

Grizzly Discoveries holds various exploration projects in Canada.

Its main exploration properties are GREENWOOD, SILVER BEAR, LEGEND and PEAK in Canada.

Grizzly Discoveries is listed in Canada and in Germany. Its market capitalisation is CA$ 2.4 millions as of today (US$ 1.8 millions, € 1.6 millions).

Its stock quote reached its highest recent level on June 20, 2008 at CA$ 1.67, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Grizzly Discoveries has 52 407 805 shares outstanding.

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Annual reports of Grizzly Discoveries Inc.
Annual Report 2007
Financings of Grizzly Discoveries Inc.
11/14/2012Announces Cancellation of Private Placement
10/18/2012Announces Proposed Private Placement
4/19/2011Closes First Tranche of Private Placement
12/31/2010Closes Private Placement for Gross Proceeds of $921,100
12/20/2010Announces Changes to Private Placement
11/25/2010Grizzly Announces Private Placement
4/30/2009Closes First Tranche of Private Placement
12/30/2008Closes $100,000 Private Placement
8/28/2008Closes Private Placement for Gross Proceeds of $810,600
4/11/2008Closes $971,000 Private Placement
12/22/2007Closes $2.7 Million Private Placement
Option Grants of Grizzly Discoveries Inc.
2/4/2015Provides Update and Engages Investor Relations Consultant
Nominations of Grizzly Discoveries Inc.
3/15/2013Appoints Mr. Ian Lambert as Chief Operating Officer
3/20/2009Appoints New Director
Project news of Grizzly Discoveries Inc.
4/18/2016(Greenwood)Kinross' KG Exploration Completes 2015 Work Program, Submits...
10/27/2011(Greenwood)Grizzly "GZD" 2011 Drilling and Exploration Updates
5/9/2011(Greenwood)Provides Update on Greenwood Gold Project- Mobilizes Crews t...
1/20/2011(Alberta Potash)Acquires More Land and Provides Update on Alberta Potash Pro...
1/20/2011(Provost)Acquires More Land and Provides Update on Alberta Potash Pro...
12/6/2010(Greenwood)Grizzly "GZD" Drilling Update News
12/6/2010(Greenwood)Follow Up Drilling at Ket 28 and Copper Mountain Completed; ...
10/15/2009(Greenwood)Update On The Greenwood Gold Project
8/14/2009(Rock Creek)Purchases Merit Mining Corp.'s Interest in Rock Creek Joint ...
6/24/2009(Greenwood)Further Lands to the Greenwood Gold Project
10/3/2008(Silver Bear)Discovers 3rd New Buffalo Head Hills Kimberlite BE-03
3/26/2008(Alberta Diamond) Exploration Update for Grizzly's Alberta Diamond Properties
2/19/2008New Alberta Kimberlite Discovery
5/1/2007Exploration Update for Alberta Diamond Properties and the Pe...
Corporate news of Grizzly Discoveries Inc.
6/15/2016Grizzly Mobilizes Crew for Ground Geophysical Surveys in Nor...
6/13/2016Grizzly Mobilizes Crew for Ground Geophysical Surveys in Nor...
6/3/2016Grizzly Appoints Andre Dallaire as Advisor and Issues Stock ...
6/2/2016Grizzly Appoints Andre Dallaire as Advisor and Issues Stock ...
4/26/2016Grizzly Closes First Tranche of Private Placement of Units
4/25/2016Grizzly Closes First Tranche of Private Placement of Units
4/18/2016Kinross' KG Exploration Completes 2015 Work Program, Submits...
12/9/2015Grizzly Closes Private Placement of Units
9/24/2015Grizzly and KG Exploration Sign Option Agreement
9/9/2015Grizzly Provides Update on Non-Binding LOI with Kinross
9/1/2015Grizzly Provides Update on Non-Binding LOI With Kinross
8/19/2015Grizzly Discoveries, Inc. Earnings Q2*, 2015
7/22/2015IIROC Trading Resumption - GZD
7/21/2015Grizzly Enters Into Non-binding Loi With Kinross
7/20/2015IIROC Trading Halt - GZD
5/5/2015Grizzly Provides Update on its Properties in Western Canada
3/30/2015ABN Newswire PDAC2015 Video Interviews in Toronto Canada
3/17/2015FINANCE VIDEO: Grizzly Discoveries (VAN:GZD) COO Ian Lambert...
2/27/2015Grizzly Discoveries Inc. (VAN:GZD) To Attend Prospectors and...
2/5/2015Grizzly Provides Update and Engages Investor Relations Consu...
2/4/2015Grizzly Provides Update and Engages Investor Relations Consu...
6/10/2014Renewed Interest in Diamond Exploration Prompts Reevaluation...
6/3/2014Grizzly Shareholders Elect New Director and Provides Update ...
10/10/2013(Greenwood)Selects Targets at Greenwood BC Project and Engages Investor...
9/30/2013(Greenwood)Receives NI 43-101 Report for Greenwood BC Property
1/16/2013Provides Corporate Update for 2013
12/5/2012Announces Grant of Stock Options and Changes to Outstanding ...
9/28/2012Corporate Update
4/11/2011Retains IR Pro Communications for an Additional One Year Ter...
3/25/2011Retains Investor Relations Consultants
8/10/2009Engages Osprey Capital Partners to Finance Advancement of Po...
6/2/2009Acquires Interest in a BC Private Corporation
2/19/2009Signs Option Deal on the Sidley-Dayton Gold Property, Greenw...
2/5/2009Options French Property to Fractal Mining Corporation
1/5/2009to defer Buffalo hunt to fall
12/15/2008CEO Interview with Mr. Brian Testo
12/8/2008 Reports Encouraging Diamond Results from the BE-02 and BE-0...
11/20/2008Event Notice
11/3/2008Completes BC and Alberta Drill Programs
9/29/2008Drills More Kimberlite at BE-02
9/15/2008Mobilizes Crews and Drills to the Peak Property
8/13/2008and Fractal Mining Corporation Sign Option on French Propert...
7/28/2008Exploration Update for Buffalo Head Hills Diamond Propertie...
7/23/2008Completion of Airborne Survey and Ground Surveys
7/14/2008Wins By Bid Process Additional Potash Permits On Saskatchewa...
7/9/2008Options Potash Property Teddybear
7/7/2008Announces Option of Potash Permits on Saskatchewan-Alberta B...
6/25/2008Industry Bulletin
6/20/2008Beyond The Press Release Interview with Mr. Brian Testo
6/13/2008Announces Potash Permit Applications on Saskatchewan-Alberta...
6/2/2008June 2, 2008
5/9/2008Industry Bulletin - May 9, 2008
5/6/2008Reports Diamond Results For New Diamondiferous Buffalo Head...
4/16/2008Plans Summer Drilling
3/5/2008Claws at Fourth Alberta Target
2/27/2008Beyond The Press Release Interview with Mr. Brian Testo
2/25/2008Drills Second Alberta Kimberlite
2/25/2008Reports 265.8 g/t Silver, 0.44% Copper, 1.38% Lead and 0.19%...
2/6/2008 Announces Commencement of Alberta Buffalo Head Hills Drill ...
1/25/2008Remembers the Life of Brian Elkow
1/23/2008Announces 2008 Buffalo Head Hills Diamond Drill Program
1/2/2008Expands Buffalo Hunt
4/9/2007to attack Wolverine, Smoky and Grand Cub
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