Storm Exploration Amends Warrants
Storm Exploration Amends Warrants
VANCOUVER, BC / ACCESSWIRE / June 29, 2023 / Storm Exploration Inc. (TSX-V:STRM) announces, further to its news release of June 9, 2023 and subject to the final approval of the TSX Venture Exchange, that it has amended a total of 2,261,875 outstanding share purchase warrants such that the warrants will have an expiry date of June 30, 2025. Holders of 1,761,875 of those warrants have agreed to have a revised exercise price of $0.15 per common share and be subject to an acceleration clause described below. Holders of 500,000 of the warrants did not participate in the revised pricing and acceleration amendments and will only have the expiry date amended. All other terms of the warrants will remain unchanged.
溫哥華，卑詩省/ACCESSWIRE/2023年6月29日/Storm Explore Inc.(多倫多證券交易所股票代碼：STRM)在2023年6月9日發佈新聞稿後宣佈，在獲得多倫多證券交易所創業交易所的最終批准後，它已經修改了總計2261,875份未發行的認股權證，使這些認股權證的到期日為2025年6月30日。其中1,761,875份認股權證的持有者已同意將修訂後的行使價格定為每股普通股0.15美元，並遵守下文所述的加速條款。其中500,000份認股權證的持有人沒有參與修訂後的定價和加速修訂，只會修改到期日。認股權證的所有其他條款將保持不變。
The warrants were issued on June 30, 2021 pursuant to a private placement of units at $0.10 per unit, each unit consisting of one common share and one-half warrant each whole warrant exercisable at $0.15 per share and have an expiry date of June 30, 2023. After giving effect to the share consolidation that became effective January 19, 2023, the warrants are currently exercisable at $0.60 per common share. Certain finder warrants that were also issued in connection with the June 30, 2021 private placement and are still outstanding, were not permitted to be extended under rules of the TSX Venture Exchange and will expire as scheduled on June 30, 2023.
認股權證於2021年6月30日根據私募單位發行，單位價格為每單位0.10美元，每個單位包括一股普通股和每份認股權證的一半，每份認股權證可按每股0.15美元行使，到期日為2023年6月30日。在2023年1月19日生效的股票合併生效後，認股權證目前可按每股普通股0.60美元的價格行使。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日的私募相關發行的某些尋找者認股權證仍未到期，不允許延期，將於2023年6月30日如期到期。
The 1,761,875 warrants participating in the revised pricing will be subject to an accelerated expiry provision such that, if for any 10 consecutive trading days on the TSX Venture Exchange during the unexpired term of the warrants, the closing price of the shares exceeds $0.1875 (the "Premium Trading Days"), the exercise date will be accelerated to 30 calendar days following the third business day after the Premium Trading Days. The activation of the acceleration clause will be announced by press release within five trading days after the Premium Trading Days.
參與修訂定價的1,761,875份認股權證將受到加速到期條款的規限，如在認股權證剩餘期限內，在多倫多證券交易所創業交易所連續10個交易日，股份收市價超過0.1875美元(“溢價交易日”)，行使日將加快至溢價交易日後第三個營業日之後的30個公曆日。加速條款的生效將在溢價交易日後五個交易日內以新聞稿形式宣佈。
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。
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。