Eagle Plains Announces Application to Extend Warrant Expiry
Eagle Plains Announces Application to Extend Warrant Expiry
Cranbrook, B.C., August 31st, 2022: 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 1,526,000 outstanding common share purchase warrants which were issued in connection with
a non -brokered private placement closed on September 25 th, 2020 (see EPL news release dated
September 25, 2020). The warrants have a current expiry date of September 25th, 2022.
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 ho lder 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
September 25, 2023. The exercise price and acceleration clause of the warrants will remain unchanged,
at 30 cents per warrant.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that continues to
conduct research, acquire and explore mineral projects throughout western Canada. The Company was
formed in 1992 and is the ninth -oldest listed issuer on the TSX -V (and one of only three that has not
seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value
over the years and through numerous spin-outs has transferred over $100,000,000 in value directly to
its shareholders, with Copper Canyon Resources and recently Taiga Gold being notable examples.
The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio
of projects toward discovery through collaborative partnerships and development of a highly
experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian
projects, covering a broad spectrum of commodities on projects controlled by Cameco Corp., Iso
Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Alexco Resource Corp./Banyan Gold
Corp., among many others. Management’s focus is to advance its most promising exploration projects.
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 -2021 on Eagle Plains -related projects exceed $27M, the majority of which
was funded by third -party partners. This exploration work resulted in approximately 42,000m of
diamond-drilling and extensive 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.