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Grizzly Discoveries Announces Grant of Stock Options and Changes to Outstanding Stock Options
Published : December 05, 2012
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Keywords :   Gold | Grizzly Discoveries | Reliance | Total |

EDMONTON, ALBERTA--(Marketwire - Dec. 5, 2012) - Grizzly Discoveries Inc. (News - Market indicators)(OTCQX:GZDIF)(FRANKFURT:G6H) ("Grizzly" or the "Company") announces that the Board of Directors of the Company (the "Board") has authorized the grant of stock options under the Company's Stock Option Plan to two consultants of the Company to purchase an aggregate of 200,000 common shares of the Company exercisable at a price of $0.10.

In addition, the Board has approved, subject to approval of the TSX Venture Exchange (the "Exchange"), an amendment of the exercise price of the following stock options granted under the Company's incentive stock option plan to $0.10 per common share of the Company.

Total Number of Options to be Repriced Number of Options Held by Non-Insiders Number of Options Held by Insiders Expiry Date Original Exercise Price
100,000 100,000 - April 13, 2013 $0.50
500,000 500,000 - August 23, 2013 $0.75
200,000 - 200,000 December 29, 2014 $0.42
625,000 175,000 450,000 January 20, 2015 $0.40
750,000 270,000 480,000 November 10, 2015 $0.30
40,000 40,000 - November 16, 2015 $0.30
200,000 - 200,000 March 11, 2016 $0.47
200,000 - 200,000 April 25, 2016 $0.55
1,100,000 225,000 875,000 October 31, 2016 $0.75
3,715,000 1,310,000 2,405,000    

Pursuant to policies of the Exchange, the amendment to the exercise price of incentive stock options held by insiders of the Company must be approved by disinterested shareholders of the Company at the next annual general meeting of shareholders of the Company. Such stock options may not be exercised until disinterested shareholder approval is obtained. 

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.

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
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Grizzly Discoveries Inc.

EXPLORATION STAGE
CODE : GZD.V
ISIN : CA3986921037
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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
6/30/2011Receives Approval to Extend Warrant Term
6/20/2011Applies to Extend Warrant Term
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
10/29/2007Announces Private Placement
Option Grants of Grizzly Discoveries Inc.
1/20/2010Announces grant of stock options
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.
10/27/2011(Greenwood)Grizzly "GZD" 2011 Drilling and Exploration Updates
6/23/2011(Greenwood)Provides Update on Greenwood Gold Project- 5,000 m of Drilli...
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; ...
10/18/2010(Greenwood)Grizzly Drilling Update
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
10/2/2007(Alberta Diamond)Fall Program Approved for Buffalo Head Hills Diamond Propert...
7/11/2007Exploration Update for Alberta Diamond Properties and the Pe...
6/5/2007(Alberta Diamond)Completes Processing Kimberlite Samples and Completes Airbor...
5/1/2007Exploration Update for Alberta Diamond Properties and the Pe...
Corporate news of Grizzly Discoveries Inc.
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
7/19/2011(Alberta Potash)Provides Update on Alberta Potash Project - Commences Seismi...
4/11/2011Retains IR Pro Communications for an Additional One Year Ter...
3/30/2011Announces Changes to its Previously Announced Brokered Priva...
3/25/2011Retains Investor Relations Consultants
3/17/2011Announces Brokered Private Placement of Up to $7.5 Million
3/11/2011Joins OTCQX
3/29/2010Grizzly Prepares for 2010 Exploration Program
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
11/26/2007 Company Update
11/22/2007Plans Big Alberta Drill Program
11/16/2007Completes Drilling at the Peak Property, British Columbia
10/26/2007Diamondex and Shore Plan for Winter
9/17/2007Press Release
7/24/2007Options ANT Property, BC
7/19/2007CORRECTION Legend Kimberlite Diamond Results
7/19/2007Legend Kimberlite Diamond Results
6/27/2007First Diamond Investment fund to be introduced
4/9/2007to attack Wolverine, Smoky and Grand Cub
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TSX-V (GZD.V)FRANKFURT (G6H.F)
0.040+0.00%0.0580
TSX-V
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