Grafton Resources Inc. has closed its oversubscribed non-brokered private placement, raising aggregate gross proceeds of $2,217,500.

The financing involved the issuance of 4,435,000 units at a purchase price of $0.50 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at an exercise price of $0.90 until September 15, 2028.

Proceeds from the offering will be directed towards working capital and general corporate purposes. In connection with the placement, Grafton paid aggregate finder’s fees of $123,800 in cash and issued 247,600 non-transferable finder's warrants to eligible arm's length finders. Each finder's warrant is exercisable for one common share at $0.90 until September 15, 2028.

The offering remains subject to formal acceptance by the Canadian Securities Exchange. All securities issued under the placement are subject to a mandatory four-month hold period expiring on January 16, 2027, in accordance with applicable securities laws.

The capital injection supports ongoing corporate activities across the company's portfolio in Chile. Grafton holds the Alicahue Copper-Gold Project in the Valparaiso Region through a definitive option agreement entered into in December 2025. The company also signed a letter of intent in January 2026 to acquire a 100% interest in the Silver One project and established the Caldera silver-copper-gold-antimony project in the Pedernal district in July 2026. Grafton intends to negotiate a definitive agreement with Newmont USA Limited regarding the proposed acquisition of two additional gold-focused exploration projects in Chile.

Read the full announcement: Grafton Resources Announces Closing of Oversubscribed Non-Brokered Private Placement of Units