Grid Metals Corp. Closes Initial Tranche of Private Placement TORONTO, ON / ACCESSWIRE / June 1, 2021 / Grid Metals Corp. (the " Company") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce that its has closed the initial tranche of its previously announced private placement for gross proceeds of C$ 2,952,440 (the " Offering"). A second tranche of the Offering is anticipated to close within approximately one week. Under the Offering, the Company sold the following securities: 7,533,818 units of the Company (the " Units") at a price of C$0.22 per Unit; 5,180,000 flow-through units of the Company (the " FT Units") to traditional flow-through purchasers at a price of C$0.25 per FT Unit.