Business
Stuhini Exploration Ltd. Announces Increase of Private Placement to $1,900,000
Stuhini Exploration Ltd. Announces Increase of Private Placement to $1,900,000 Canada N...
About this update from Eranova Metals Inc.
[{"type":"text","content":"\n \n \n \n Stuhini Exploration Ltd. Announces Increase of Private Placement to $1,900,000\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 2, 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 has been increased by\n \n $300,000\n \n for total aggregate gross proceeds to the Company of up to\n \n $1.9 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 In connection with certain subscriptions under the Private Placement, the Company may pay finders' fees in cash of up to 6% of the gross proceeds from the sale of Units placed by the finder and issue finder's warrants entitling the finder to purchase such number of Common Shares that is equal to up to 6% of the number of Units placed by the finder (\"\n \n Finder's Warrants\n \n \"). Each Finder's Warrant will entitle the holder thereof to acquire 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 and the proposed use of proceeds are otherwise as previously disclosed in the Company's news release dated\n \n February 23, 2023\n \n .\n \n \n The Private Placement is subject to certain conditions including, but not limited to, the re...