Storm Exploration Announces Non-Brokered Private Placement
News Release
(Not for distribution to the United States news wire services or for dissemination in the United States)
Storm Exploration Announces Non-Brokered Private Placement
Vancouver, B.C., July 2, 2026 – Storm Exploration Inc. (TSX-V: STRM) (“Storm” or the “Company”)
today announced that it will conduct a non-brokered private placement (the “Offering”), subject to the
approval of the TSX Venture Exchange (the “Exchange”), for aggregate gross proceeds of up to
$2,572,500.
The Offering will consist of units (the “Units”) at a price of $0.35 per Unit, and charity flow-through units
(the “Charity FT Units”) at price of $0.5075 per Charity FT Unit. Each Unit will consist of one common
share of the Company and one-half warrant (a “Warrant”) each whole Warrant entitling the holder
thereof to acquire an additional common share (the “Warrant Share”) of the Company at an exercise
price of $0.50 per Warrant Share for a period of 24 months from the date of issuance. The Charity FT
Units will consist of one flow-through share and one-half warrant with the same terms as the Unit
Warrants.
The Offering is not subject to a minimum amount, and the maximum gross proceeds of the Offering is
$2,572,500. Under the Offering, a maximum of 6,000,000 common shares of the Company and 3,000,000
Warrants will be issuable under the Units and the Charity FT Units. The gross proceeds from the sale of
the Charity FT Units will be used by the Company to incur eligible "Canadian exploration expenses"
("CEE"), which qualify as "flow-through critical mineral mining expenditures" under the Income Tax Act
(Canada), and to renounce such qualifying expenditures to the purchasers of the Charity FT Units with
an effective date of no later than December 31, 2026, in an aggregate amount not less than the gross
proceeds raised from the issuance of the Charity FT Units. The net proceeds from the sale of the Units
will be used to advance the Company's gold and base metal properties in northern Ontario and for
general working capital purposes. If the Offering is over-subscribed, subscriptions will be accepted at
the discretion of the Company and subject to the approval of the Exchange.
The Offering will be conducted pursuant to available prospectus exemptions including sales to
accredited investors, family members, close friends and business associates of directors and officers of
the Company, to purchasers who have obtained suitability advice from a registered investment dealer
pursuant to the exemption set out in BC Instrument 45-536 (the "Investment Dealer Exemption") and to
existing shareholders of the Company pursuant to the exemption set out in British Columbia Securities
Commission BC Instrument 45-534 (the "Existing Shareholder Exemption").
The Existing Shareholder Exemption is available to shareholders residing in all Canadian jurisdictions.
Shareholders of record of the Company as of June 30, 2026 (the "Record Date") are eligible to
participate under the Existing Shareholder Exemption. To rely upon the Existing Shareholder Exemption,
the subscriber must: a) have been a shareholder of the Company on the Record Date and continue to
hold shares of the Company until the date of closing of the Offering, b) be purchasing the Units or
Charity FT Units as a principal, and c) either may not subscribe for more than $15,000 of securities from
the Company in any 12 month period or have received advice from a registered investment dealer
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regarding the suitability of the investment. Existing shareholders interested in participating in the
Offering should consult their investment advisor or the Company directly.
The Offering may be closed in one or more tranches as subscriptions are received. All securities issued
pursuant to the Offering will be subject to a statutory hold period of four months and one day from the
date of issuance, in accordance with applicable Canadian securities laws. The securities offered have
not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any state securities laws and may not be offered or sold absent registration or compliance with
an applicable exemption from the registration requirements of the U.S. Securities Act and applicable
state securities laws.
The Company anticipates that current insiders of the Company may participate in the Offering. Subject
to the approval of the Exchange, the Company may pay cash finder's fees and/or issue finder's warrants
in connection with the Offering in accordance with the policies of the Exchange. As required by the
Investment Dealer Exemption, the Company confirms that there are no material facts or material
changes that have not been disclosed.
Forward Looking Information
This news release includes certain information that may constitute “forward-looking information” under
applicable Canadian securities legislation. Forward-looking information includes, but is not limited to,
completion of the Offering. Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results and future events to differ materially
from those expressed or implied by such forward-looking information, including the approval of the TSX
Venture Exchange of the Offering, the allocation of Units and Charity FT Units in the Offering, and the
ability of the Company to locate suitable purchasers for the Offering. There can be no assurance that
such information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such information. Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information contained in this press release is given as
of the date hereof and is based upon the opinions and estimates of management and information
available to management as at the date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as required by law.
For further information, please contact:
Storm Exploration Inc.
T: +1 (604) 506-2804
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy
of this release.