Greenland Mines Ltd. Announces $3.75 Million Private Placement of Common Stock

On June 15, 2026, Greenland Mines Ltd. entered into a Securities Purchase Agreement with three investors for a private placement of 15,000,000 shares of its common stock. The shares are being sold at a price of $0.25 per share, resulting in total gross proceeds of $3,750,000. The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes. The transaction is being conducted as a private offering pursuant to Section 4(2) of the Securities Act and Rule 506 of Regulation D. The closing of the agreement is expected to occur on or before June 25, 2026. The common stock is currently registered on The Nasdaq Stock Market LLC under the trading symbol 'GRML'. The filing also notes that the company is currently in compliance with Sarbanes-Oxley requirements and is not classified as an investment company. Following the closing, the company is obligated to issue certificates evidencing the common stock within ten days.