Grand Ocean Advanced Resources Co. Ltd. has announced an extension of the long stop date and an adjustment of the placing price in relation to its planned private placement of up to 40,920,000 new shares under a general mandate. The adjusted net issue price is approximately HK$0.329 per placing share, with the total net proceeds expected to be around HK$13.5 million. Of the proceeds, about HK$3.0 million will be allocated to exploration fees, technician fees, professional fees, and other expenses related to potential mining sector investments, while the remaining HK$10.5 million will be used for general working capital, including legal and professional fees, staff costs, and other corporate expenses. Completion of the placement remains subject to the fulfillment of conditions under the placing agreement. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.