VANCOUVER, BC, March 10, 2022 /CNW/ - Starr Peak Mining
Ltd. ("Starr Peak" or the "Company") (TSXV: STE)
(OTCQX: STRPF) is pleased to announce the exercise of
all remaining warrants with an expiration of March 17, 2022 for a total exercise of
746,700 warrants at a strike price of $0.75. The company also announces the
exercise of 133,333 warrants at a strike price of $2.00 adding a combined total of $826,691 to the treasury. The warrants were
offered in connection with a $449,010
financing which closed on March 17,
2020 and a $1,110,000
financing which closed on August 7,
2020, respectively.
Johnathan More, Chairman and CEO
commented, "I want to thank our existing shareholders for their
continued support in Starr Peak. We
are pleased to add this capital to the Company as we continue to
drill our NewMétal property. Drilling continues with three
drill rigs and we look forward to announce on-going drill results
in the very near future."
On Behalf of the Board of Directors of Starr Peak Mining
Ltd.,
"Johnathan More"
Johnathan More
Chairman and Chief Executive Officer
About Starr Peak Mining Ltd.
Starr Peak Mining Ltd. is a Canadian based mineral exploration
company focused on the acquisition and exploration of precious and
base metal mineral deposits. The primary objective of the Company
is to acquire, explore and develop high potential and quality gold
and base metal deposits and projects in the Americas. The Company
is committed to create long term shareholder value through mineral
discoveries.
Neither the 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
the content of this news release.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. The securities
being offered have not been, and will not be, 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 in the United
States, or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S of the U.S. Securities Act)
unless pursuant to an exemption therefrom. This press release is
for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the
Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking
Information:
This press release contains forward-looking information based
on current expectations, including the use of funds raised under
the Offering. These statements should not be read as
guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements.
Although such statements are based on management's reasonable
assumptions, Starr Peak assumes no
responsibility to update or revise forward-looking information to
reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated
due to several factors and risks including various risk factors
discussed in the Company's disclosure documents which can be found
under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The TSXV has neither reviewed nor approved the
contents of this press release.
SOURCE Starr Peak Mining Ltd.
