Business
Stuhini Exploration Ltd. Receives TSX-V Approval for Que Property
VANCOUVER, April 2, 2020 /CNW/ - Stuhini Exploration Ltd. ("Stuhini" or the "Company") (TSX‑V:STU) is pleased to announce that it has received TSX Venture Excha
About this update from Eranova Metals Inc.
[{"type":"text","content":" VANCOUVER, April 2, 2020 /CNW/ - Stuhini Exploration Ltd. (\"Stuhini\" or the \"Company\") (TSX‑V:STU) is pleased to announce that it has received TSX Venture Exchange (the \"Exchange\") approval of the amended and restated option agreement (the \"Agreement\") with Nokuyukon Holdings Ltd., Mark Lindsay, Glacier Drilling Ltd., Mike Mickey and Joanne McDougall (\"Optionors\"). Pursuant to the Agreement, Stuhini has the option to acquire a 100% interest in the Optionors' Que Property (the \"Property\"), located in south central Yukon Territory, Canada (the \"Option\") as further disclosed in the Company's news releases dated February 21, 2020 and March 10, 2020. Pursuant to the Agreement, Stuhini can earn a 100% interest in the Property by issuing up to 2,950,000 common shares and making cash payments of up to $380,000 over a four year term to exercise the Option. Upon obtaining Exchange approval of the Agreement, the Company issued a total of 200,000 common shares to the Optionors in satisfaction of the Company's only committed payment under the Agreement. The balance of the share issuances and the cash payments are all at the Company's election should it wish to maintain the Option after the first year of the option term. The shares issued in connection with the satisfaction of the committed payment under the Agreement are subject to a hold period that expires on August 2, 2020. About Stuhini Exploration Ltd.: Stuhini is a mineral exploration company focused on the exploration and development of precious and base metals properties with its primary focus on the Metla Property located in northwestern British Columbia, Canada, approximately 150 kilometres south of the town of Atlin and the Ruby Creek Property located approximately 24 km east of Atlin. Forward-Looking Statements This news release contains \"forward‐looking information\" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the Option and the exercise of the Option. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statemen...