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.
温哥华，卑诗省/ACCESSWIRE/2023年6月29日/Storm Explore Inc.(多伦多证券交易所股票代码：STRM)在2023年6月9日发布新闻稿后宣布，在获得多伦多证券交易所创业交易所的最终批准后，它已经修改了总计2261,875份未发行的认股权证，使这些认股权证的到期日为2025年6月30日。其中1,761,875份认股权证的持有者已同意将修订后的行使价格定为每股普通股0.15美元，并遵守下文所述的加速条款。其中500,000份认股权证的持有人没有参与修订后的定价和加速修订，只会修改到期日。认股权证的所有其他条款将保持不变。
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.
认股权证于2021年6月30日根据私募单位发行，单位价格为每单位0.10美元，每个单位包括一股普通股和每份认股权证的一半，每份认股权证可按每股0.15美元行使，到期日为2023年6月30日。在2023年1月19日生效的股票合并生效后，认股权证目前可按每股普通股0.60美元的价格行使。根据多伦多证券交易所风险交易所的规则，也与2021年6月30日的私募相关发行的某些寻找者认股权证仍未到期，不允许延期，将于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.
参与修订定价的1,761,875份认股权证将受到加速到期条款的规限，如在认股权证剩余期限内，在多伦多证券交易所创业交易所连续10个交易日，股份收市价超过0.1875美元(“溢价交易日”)，行使日将加快至溢价交易日后第三个营业日之后的30个公历日。加速条款的生效将在溢价交易日后五个交易日内以新闻稿形式宣布。
About Storm Exploration Inc.
关于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是一家加拿大矿产勘探公司，专注于在安大略省西北部的四个地区规模的项目上发现和开发经济上的贵金属和贱金属矿床：Miminiska、Keezhik、Attwood和Gold Standard。
For further information, please contact:
如需更多信息，请联系：
Storm Exploration Inc.
+1 (604) 506-2804
info@stormex.ca
风暴探索公司。
+1(604)506-2804
邮箱：info@stormex.ca
SOURCE: Storm Exploration Inc.
资料来源：风暴探索公司。