Eagle Plains Announces Application to Extend Warrant Expiry
Eagle Plains Announces Application to Extend Warrant Expiry
Cranbrook, B.C., January 21st, 2021: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle
Plains”) has made application to the TSX Venture Exchange for approval and acceptance to amend the
term of 4,434,000 outstanding common share purchase warrants priced at $.40 per warrant which were
issued in connection with a non -brokered private placement completed in February, 2018. The warrants
have a current expiry date of February 7, 2021.
The share purchase warrants are subject to an accelerated expiry at the option of the Company if the
published closing trade price of the common shares on the TSX Venture Exchange is greater than or equal
to $.50 for any 20 consecutive trading days, in which event the holder may be given notice that the
warrants will expire 30 days following the date of such notice. The common share purchase warrants may
be exercised by the holder during the 30 day period between the notice and the expiration of the common
share purchase warrants.
Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised date of February
7, 2022. The exercise price and acceleration clause of the warrants will remain unchanged.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral
projects throughout western Canada. The Company is committed to steadily enhancing shareholder value
by advancing our diverse portfolio of projects toward dis covery through collaborative partnerships and
development of a highly experienced technical team. Management’s focus is to advance its most
promising exploration projects. In addition, Eagle Plains continues to seek out and secure high -quality,
unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration
process, our mission is to help maintain prosperous communities by exploring for and discovering
resource opportunities while building lasting relationships through honest and respectful business
practices.
Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, most of which was funded
by third-party partners. This exploration work resulted in approximately 37,000 m of diamond -drilling
and extens ive ground -based exploration work facilitating the advancement of numerous projects at
various stages of development.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: [email protected] or visit our website at http://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.