Granada Gold Mine Inc. announced a non-brokered private placement 12,053,333 units at an issue price of CAD 0.06 per unit for gross proceeds of CAD 723,200 on April 1, 2022. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of CAD 0.08 per share, for a period of three years from closing, subject to regulatory approval.

All securities issued are subject to a statutory four month hold period expiring on August 2, 2022. The company paid CAD 14,000 in cash and issued 233,333 warrants with additional cash CAD 15,330 and 255,500 warrants to the finder GloRes Securities Inc, CAD 8,400 in cash and 140,000 warrants to Kreuzfeld AG, CAD 6,930 in cash and 115,550 warrants to Small Cap Invest GmbH subject to exchange approval in the transaction. The transaction involved participation from 19 placees.