Business
Eagle Plains Announces Application to Extend Warrant Expiry
CRANBROOK, BC / ACCESS Newswire / June 27, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTC...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Announces Application to Extend Warrant ExpiryCRANBROOK, BC / ACCESS Newswire / June 27, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) (\"EPL\" or \"Eagle Plains\") has made application to the TSX Venture Exchange for approval and acceptance to amend the term of 3,785,529 outstanding common share purchase warrants which were issued in connection with a non-brokered private placement completed in July 2022, (see EPL news release dated July 11th, 2022, and July 25, 2024). The warrants have a current expiry date of July 11th, 2025.The share purchase warrants are subject to an accelerated expiry at the option of the Company if the published closing trade price of the common shares on the TSX Venture Exchange is greater than or equal to $.50 for any 20 consecutive trading days, in which event the holder may be given notice that the warrants will expire 30 days following the date of such notice. The common share purchase warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the common share purchase warrants.Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised date of July 11th, 2026. The exercise price and acceleration clause of the warrants will remain unchanged, at 25 cents per warrant.About Eagle Plains ResourcesBased in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:\"ER\") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct expo...