Stratabound Minerals Provides 30-Day Notice of Expiry of Certain Warrants
Stratabound Minerals Provides 30-Day Notice
of Expiry of Certain Warrants
Toronto, Ontario--(Newsfile Corp. - November 30, 2020) -
Stratabound Minerals Corp. (TSXV:SB)
(OTC Pink: SBMIF)
("Stratabound" or the "Company") provides notice that it's shares have now traded
above $0.24 for a 10-day inclusive period between Nov. 17
th
2020 and November 27
th
2020 and, as
such, also provides notice that as previously announced in a press release on March 26, 2020, an
aggregate of 1,037,152 previously issued warrants (the "Warrants") that were re-priced and extended
for an additional 1 year are now due to expire at 4pm eastern time on December 29
th
, 2020. The
warrants in question, post-2019 consolidation, are:
1. March 26, 2018 - 319,166 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a
previous expiry date of March 26, 2021,
2. April 12, 2018 - 149,496 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous
expiry date of April 12, 2021;
3. May 7, 2018 - 545,574 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous
expiry date of May 7, 2021;
4. June 28, 2018 - 22,916 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous
expiry date of June 28, 2021.
Each whole Warrant entitle the holder to purchase one common share of the Company at an exercise
price of $0.20. The Warrants contain an acceleration clause, in that if the shares trade at or more than
$0.24 for a 10-day period, the expiry date shall terminate upon 30 days-notice.
The shares have traded
at or more than $0.24 consecutively for the ten-day period ending November 27
th
, 2020 and such notice
of the 30-day expiry is now given.
Warrant-holders that wish to exercise these warrants are urged to do
so before the new expiry on 4pm eastern time December 29
th
2020.
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a fully-funded Canadian exploration and development company focused
on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook
Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three
base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain
Copper-Cobalt-Gold Deposit that hosts an NI 43-101 Measured and Indicated Resource.
For more information please visit the company's website at
www.stratabound.ca
or contact: R. Kim Tyler,
President and CEO, 416-915-4157,
.
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.
WARNING: The Company relies upon litigation protection for "forward looking" statements. The
information in this release may contain forward-looking information under applicable securities laws.
This forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain
regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits,
changes in general economic conditions or conditions in the financial markets and the inability to raise
additional financing. Readers are cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities laws.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/69170