Granite Ridge closes warrant exchange, issues 2.47M shares; sets post-offer exchange for July 5

Granite Ridge Resources, Inc.

Issued 2,471,738 shares of common stock in exchange for warrants tendered in the offer.
Obtained warrant holder consents to amend warrant agreement, enabling post-offer exchange at 0.225 shares per warrant (10% less than offer ratio).
Post-Offer Exchange date fixed for July 5, 2023; remaining warrants exchanged at 0.225 shares each.

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