VANCOUVER, BC, Aug. 1, 2024
/CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the
"Company") (TSXV: STU) (OTCQB: STXPF) wishes to issue
this correction of a news release which was issued on July 31, 2024. The original news release
did not disclose the number of FT Warrants and NFT Warrants (as
such terms are defined below) that are subject to the expiry date
extensions, and that such expiry date extensions are subject to the
acceptance of the TSX Venture Exchange. Please see corrected
news release below.
Stuhini 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
1,071,250 of FT Warrants scheduled to expire on August 4, 2024 and 592,566 FT Warrants to expire
on 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 77,500 NFT Warrants
scheduled to expire on August 4, 2024
and 518,750 NFT Warrants to expire on 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. The extension of the expiry date in respect of the FT
Warrants and the NFT Warrants is subject to the acceptance of the
TSX Venture Exchange.
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.