Storm Exploration Announces Proposed Amendments to Outstanding Warrants
Storm Exploration Announces Proposed Amendments to Outstanding Warrants
VANCOUVER, BC / ACCESSWIRE / June 9, 2023 / Storm Exploration Inc. (TSX-V:STRM) ("StormEx" or the "Company") announces, that, subject to certain conditions, it intends to amend the terms of a total of 2,261,875 outstanding share purchase warrants (the "Warrants") due to expire on June 30, 2023.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2023年6月9日/Storm Explore Inc.(多倫多證券交易所股票代碼：STRM)(“StormEx”或“公司”)宣佈，在滿足某些條件的情況下，它打算修改將於2023年6月30日到期的總計2,261,875份已發行認股權證(“認股權證”)的條款。
The Warrants were issued in connection with a private placement transaction that closed on June 30, 2021. They are currently exercisable at $0.60 per common share ("Common Share"). Certain finder warrants that were also issued in connection with the June 30, 2021 private placement and are still outstanding, are not permitted to be extended under rules of the TSX Venture Exchange.
這些權證的發行與2021年6月30日完成的一筆私募交易有關。它們目前可按每股普通股0.60美元(“普通股”)的價格行使。根據多倫多證券交易所風險交易所的規則，也與2021年6月30日私募相關發行且仍未結清的某些發現權證不允許延期。
Under the proposed amendments to the Warrants (the "Proposed Amendments"), the term of the Warrants will be extended to June 30, 2025 and the exercise price will be reduced to $0.15 per Common Share. In addition, the Warrants will be revised to include an acceleration clause such that the term of the Warrants will be reduced to 30 days (the "Reduced Term") in the event the closing price of the Common Shares on the TSX Venture Exchange exceeds $0.15 by 25% or more for ten consecutive trading dates (the "Premium Trading Days"). The Reduced Term would commence on the third business day after the tenth Premium Trading Day.
根據對認股權證的建議修訂(“建議修訂”)，認股權證的有效期將延展至2025年6月30日，行使價將降至每股普通股0.15美元。此外，認股權證將修訂為加入加速條款，使在多倫多證券交易所創業板普通股連續十個交易日(“溢價交易日”)的普通股收市價超過0.15美元或以上25%或以上時，認股權證的有效期將縮短至30天(“縮短期限”)。縮短的期限將於第十個溢價交易日後的第三個工作日開始。
The Proposed Amendments remain subject to the approval of the TSX Venture Exchange. In addition, in order to be effective, each of the holders of the Warrants must consent to the Proposed Amendments.
擬議的修訂仍有待多倫多證券交易所創業板的批准。此外，為了生效，權證的每個持有人都必須同意擬議的修訂。
About Storm Exploration Inc.
關於Storm Explore Inc.
Storm Exploration is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
Storm Explore是一家加拿大礦產勘探公司，專注於在安大略省西北部的四個地區規模的專案上發現和開發經濟上的貴金屬和賤金屬礦床：Miminiska、Keezhik、Attwood和Gold Standard。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均未審查或承擔對本新聞稿的充分性或準確性的責任。
For further information, please contact:
如需更多資訊，請聯繫：
Storm Exploration Inc.
+1 (604) 506-2804
info@stormex.ca
風暴探索公司。
+1(604)506-2804
郵箱：info@stormex.ca
SOURCE: Storm Exploration Inc.
資料來源：風暴探索公司。
譯文內容由第三人軟體翻譯。