Grenville Gold Corporation (TSXV:GVG) announced a non-brokered private placement of 3,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 150,000 on October 28, 2013. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.10 per warrant share for two years from the date of closing. The company may pay a finder's fee in connection with this private placement. The transaction is subject to the approval of the TSX Venture Exchange acceptance.

On November 6, 2013, the company announced that it has amended the terms of the transaction. The warrants issued in the transaction exercisable at CAD 0.05 per share.


On November 20, 2013, Grenville Gold Corporation closed the transaction. The round included participation from a total of three investors including Grand Peak Capital Corp. which subscribed for 1,000,000 units. The company did not pay any finder's fees as part of the transaction. The transaction was conditionally approved by the TSX Venture Exchange.