Eagle Plains Announces Conditional Approval of Warrant Expiry Extension
Eagle Plains Announces Conditional Approval of Warrant Expiry
Extension
Cranbrook, B.C., July 28, 2025: (TSX-V:EPL) (OTCQB: EGPLF) (“EPL” or “Eagle Plains”) has
received conditional approval from the TSX Venture Exchange to amend the term of 2,220,750
outstanding common share purchase warrants which were issued in connection with a non -brokered
private placement completed in August, 2023, (see EPL news release dated August 3 rd, 2023 ). The
warrants have a current expiry date of August 2nd, 2025.
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 August
2nd, 2026. 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, with a focus on critical
metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth -oldest listed issuer on the TSX -V (and the only one
of these four 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 Taiga Gold Corp. being notable
examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:“ER”) was listed on May 24, 20 23,
and holds a diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER
announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp.
pursuant to which Summit will “go -public” by way of a reverse takeover (RTO) of ER. Eagle Royalties
shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47% based on
ER’s closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the RTO is
subject to a number of conditions, including, but not limited to, Exchange acceptance and required
shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as
proposed or at all.
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that
will give Eagle Plains’ shareholders direct exposure to strategic opportunities in Canadian green energy
transition. As a wholly owned subsidiary of Eag le Plains, Osprey Power Inc. (“OP”) will focus on
identifying and advancing innovative and diverse clean energy project portfolios in target markets
throughout Canada, with an initial focus on 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 2010-2024 on Eagle Plains-related projects exceed $39M, 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 facilitating 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.