Stuhini Proposes to Extend Warrants, Announces Que Option Termination
Stuhini Proposes to Extend Warrants,
Announces Que Option Termination
VANCOUVER, BC
,
March 7, 2025
/CNW/ - Stuhini Exploration Ltd. ("
Stuhini
" or the "
Company
")
(TSXV: STU) and (OTCQB: STXPF) announces its intention to extend the expiry date of previously
issued common share purchase warrants (the "
Warrants
") to purchase up to 3,000,000 common
shares at an exercise price of
$0.50
per share. The Company also announces that it has chosen to
terminate the amended and restated Que Property ("
Property
") Option Agreement ("
Agreement
" or
"
Option Agreement
") with the Property vendors.
Proposed Extension of Warrant Expiry Date
The Warrants were issued in connection with a non-brokered private placement of units (the "
Units
")
with each Unit comprised of one common share and one-half of one common share purchase
Warrant. The offering closed on
March 17, 2023
with 3,000,000 Warrants scheduled to expire on
March 17, 2025
. If accepted by the TSX Venture Exchange, the Company will extend the expiry date
of the Warrants to
March 17, 2027
. All other terms and conditions of the Warrants will remain
unchanged. The extension of the expiry date of the Warrants is subject to the acceptance of the TSX
Venture Exchange.
Que Project Option Termination
Due to market conditions and the Company's recent focus on
Nevada
, Stuhini has chosen to
terminate the Option Agreement. The Company would like to thank the project vendors for the
opportunity and for all their efforts, and we look forward to working with them on other projects.
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 South Thompson Nickel Project, 35 km northwest of
Grand Rapids, Manitoba
; the Big
Ledge Property, 57 km south of
Revelstoke, BC
; the Red Hills Project in northeast
Nevada
; the
Jersey Valley Project in northwest
Nevada
; 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.
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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 21:41e 07-MAR-25