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Stuhini Exploration Ltd. Announces up to $1,500,000 Private Placement with a lead order from Sprott Asset Management LP
Stuhini Exploration Ltd. Announces up to $1,500,000 Private Placement with a lead order f...
About this update from Eranova Metals Inc.
[{"type":"text","content":"\n \n \n \n Stuhini Exploration Ltd. Announces up to $1,500,000 Private Placement with a lead order from Sprott Asset Management LP\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 VANCOUVER, BC\n \n ,\n \n Aug. 2, 2022\n \n /CNW/ - Stuhini Exploration Ltd. (the \"\n \n Company\n \n \" or \"\n \n Stuhini\n \n \") (TSXV: STU) and (OTCPK: STXPF) is pleased to announce a non-brokered Private Placement of aggregate gross proceeds to the Company of up to\n \n $1.5 million\n \n (the \"\n \n Private Placement\n \n \"). The Company is pleased to advise that Sprott Asset Management LP has agreed to purchase\n \n $495,000\n \n of the Private Placement.\n \n \n \n \n \n \n \n \n \n The Private Placement will consist of a combination of: (i) flow-through units of the Company (\"\n \n FT Units\n \n \") at a price of\n \n $0.45\n \n per FT Unit (the \"\n \n FT Unit Offering\n \n \"); and (i) non-flow through units of the Company (\"\n \n NFT Units\n \n \") at a price of\n \n $0.40\n \n per NFT Unit (the \"\n \n NFT Unit Offering\n \n \").\n \n \n Each FT Unit will consist of one (1) flow-through common share of the Company and one half (1/2) of one common share purchase warrant (each whole warrant, an \"\n \n FT Warrant\n \n \"). The FT Units will qualify as \"flow-through shares\" for the purposes of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Tax Act\n \n \"). Each FT Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") at a price of\n \n $0.60\n \n per Common Share for a period of two years following the closing of the FT Unit Offering.\n \n \n Each NFT Unit will consist of one Common Share and one-half of one non-flow through common share purchase warrant (each whole warrant, an \"\n \n NFT Warrant\n \n \"). Each NFT Warrant will entitle the holder thereof to acquire one Common Share at a price of\n \n $0.60\n \n per Common Share for a period of two years following the closing of the NFT Unit Offering.\n...