Eagle Plains Announces Conditional Approval of Warrant Expiry Extension
Eagle Plains Announces Conditional Approval of Warrant Expiry
Extension
Cranbrook, B.C., June 25, 2024: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle
Plains”) has received conditional approval from the TSX Venture Exchange to amend the term of
3,785,529 outstanding common share purchase warrants which were issued in connection with a
non-brokered private placement completed in July 2022, (see EPL news release dated July 11th,
2022). The warrants have a current expiry date of July 11th, 2024.
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
July 11th, 2025. The exercise price and acceleration clause of the warrants will remain unchanged,
at 25 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, with a focus
on critical metals integral to an increasingly electrified, decarbonized economy.
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 numer ous spin outs has transferred over
$100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga
Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd.
(CSE:“ER”) was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout
western Canada.
Eagle Plains’ core business is acquiring grassroots critical - and precious -metal exploration
properties. 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.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which
was funded by third -party partners. This exploration work resulted in approximately 50,000m of
diamond-drilling and extensive ground -based exploration work faci litating the advancement of
numerous projects at various stages of development.
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.
On behalf of the Board of Directors of Eagle Plains
“C.C. (Chuck) Downie, P.Geo”
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 https://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.