Correction from source: Stuhini Announces Intention to Extend Warrant Expiry Dates
Correction from source: Stuhini Announces
Intention to Extend Warrant Expiry Dates
VANCOUVER, BC
,
Aug. 1, 2024
/CNW/ - Stuhini Exploration Ltd. ("
Stuhini
" or the "
Company
")
(TSXV: STU) (OTCQB: STXPF) wishes to issue this correction of a news release which was issued
on
July 31
, 2024. The original news release did not disclose the number of FT Warrants and NFT
Warrants (as such terms are defined below) that are subject to the expiry date extensions, and that
such expiry date extensions are subject to the acceptance of the TSX Venture Exchange. Please
see corrected news release below.
Stuhini announces its intention to extend the expiry date of previously issued common share
purchase warrants to purchase up to 1,663,817 common shares at an exercise price of
$0.60
per
share (the "
FT Warrants
"). The FT Warrants were issued in connection with a non-brokered private
placement (the "
FT Offering
") of flow-through units (the "
FT Units
"), each FT Unit comprised of one
flow-through common share and one-half of one FT Warrant. The FT Offering closed in two
tranches on
August 4, 2022
and
August 19, 2022
, with 1,071,250 of FT Warrants scheduled to
expire on
August 4, 2024
and 592,566 FT Warrants to expire on
August 19, 2024
, respectively.
The Company also intends to extend the expiry date of previously issued common share purchase
warrants to purchase up to 596,250 common shares at an exercise price of
$0.60
per share (the
"
NFT Warrants
"). The NFT Warrants were issued in connection with a non-brokered private
placement (the "
NFT Offering
") of non-flow-through units (the "
NFT Units
"), each NFT Unit
comprised of one common share and one-half of one NFT Warrant. The NFT Offering also closed in
two tranches on
August 4, 2022
and
August 19, 2022
, with 77,500 NFT Warrants scheduled to
expire on
August 4, 2024
and 518,750 NFT Warrants to expire on
August 19, 2024
, respectively.
If accepted by the TSX Venture Exchange, the Company will extend the expiry date of the FT
Warrants and the NFT Warrants issued under the
August 4, 2022
and
August 19, 2022
tranches to
August 4, 2026
, and
August 19, 2026
, respectively. All other terms and conditions of the FT
Warrants and NFT Warrants will remain unchanged. The extension of the expiry date in respect of
the FT Warrants and the NFT Warrants is subject to the acceptance of the TSX Venture Exchange.
About Stuhini Exploration Ltd.
Stuhini is a mineral exploration company focused on exploration and development of precious and
base metals properties in western
Canada
and the southwest
United States
. The Company's
portfolio of exploration properties includes the flagship Ruby Creek Property, 14 km east of
Atlin,
BC
; the Que Project, 70 km north of Johnson's Crossing,
Yukon
; the South Thompson Nickel
Project, 35 km northwest of
Grand Rapids, Manitoba
; the Big Ledge Property, 57 km south of
Revelstoke, BC
; and the Lindsay Project in southeast
Arizona
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Stuhini Exploration Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2024/01/c8074.html
%SEDAR: 00046568E
For further information:
For further information please contact: David O'Brien, President & Chief
Executive Officer Telephone: (604) 835-4019, Email: [email protected]
CO: Stuhini Exploration Ltd.
CNW 22:56e 01-AUG-24