VANCOUVER, BC, July 31,
2024 /CNW/ - Stuhini Exploration Ltd.
("Stuhini" or the "Company") (TSXV: STU) 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 the FT Warrants from each
tranche scheduled to expire on August 4,
2024 and 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 the NFT Warrants from each
tranche scheduled to expire on August 4,
2024 and 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.
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.