Business
Stuhini Exploration Ltd. Announces an Additional Increase of Private Placement to $2,300,000
Stuhini Exploration Ltd. Announces an Additional Increase of Private Placement to $2,300,000 ...
About this update from Eranova Metals Inc.
[{"type":"text","content":"\n \n \n \n Stuhini Exploration Ltd. Announces an Additional Increase of Private Placement to $2,300,000\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 6, 2023\n \n \n /CNW/ - Stuhini Exploration Ltd. (the \"\n \n Company\n \n \" or \"\n \n Stuhini\n \n \") (TSXV: STU) (OTCPK: STXPF) is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on\n \n February 23, 2023\n \n , and upsized on\n \n March 2, 2023\n \n , has been increased by an additional\n \n $400,000\n \n for total aggregate gross proceeds to the Company of up to\n \n $2.3 million\n \n (the \"\n \n Private Placement\n \n \").\n \n \n \n \n \n \n \n \n \n The Private Placement will consist of units of the Company (\"\n \n Units\n \n \") at a price of\n \n $0.40\n \n per Unit. Each Unit will consist of one common share (each a \"\n \n Common Share\n \n \") of the Company and one half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant is exercisable into one Common Share at a price of\n \n $0.50\n \n per Common Share for a period of two years following the closing of the Private Placement.\n \n \n The terms of the Private Placement, the proposed use of proceeds and possible finders' fees are otherwise as previously disclosed in the Company's news releases dated\n \n February 23, 2023\n \n and\n \n March 2, 2023\n \n .\n \n \n The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. All securities to be issued pursuant to the Private Placement will have a hold period of four months and one day from the closing of the Private Placement.\n \n \n The Company also announces the grant of stock options to a consultant of the Company to purchase 100,000 common shares of the Company at\n \n $0.50\n \n per share for a term of 3 years, expiring\n \n March 6, 2026\n \n ...