Grafton Resources closes oversubscribed non-brokered private placement

Grafton Resources Announces Closing of Oversubscribed Non-Brokered Private Placement of Units

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA – TheNewswire - September 15, 2026 – GRAFTON RESOURCES INC. (CSE:GFT; OTCQB: GFTFF; FSE: K8L0) (“Grafton” or the “Company”) is pleased to announce that it has closed its non-brokered private placement previously announced on August 24 and September 9, 2026 (the “Offering”) on an oversubscribed basis, raising aggregate gross proceeds of $2,217,500 to the Company via the issuance of 4,435,000 units (each, a “Unit”) of the Company at a purchase price of $0.50 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share (a “Warrant Share”) of the Company at a purchase price of $0.90 per Warrant Share until September 15, 2028.

The Company intends to use the proceeds of the Offering towards working capital and general corporate purposes.

The Company paid aggregate finder’s fees of $123,800 in cash, and issued 247,600 non-transferable finder’s warrants (each, a “Finder’s Warrant”) to certain arm’s length finders. Each Finder’s Warrant entitles the holder thereof to purchase one common share (a “Finder’s Share”) of the Company at a purchase price of $0.90 per Finder’s Share until September 15, 2028. The Offering remains subject to the acceptance of the Canadian Securities Exchange (the “Exchange”). The securities issued pursuant to the Offering are subject to a four-month hold period expiring on January 16, 2027 in accordance with applicable securities laws.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.