Business
Stuhini Welcomes Sprott as Strategic Investor
Stuhini Welcomes Sprott as Strategic Investor Canada NewsWire VANCOUVER, Aug. 16...
About this update from Eranova Metals Inc.
[{"type":"text","content":"\n\n\n\nStuhini Welcomes Sprott as Strategic Investor\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\nCanada NewsWire\nVANCOUVER, Aug. 16, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\nStuhini Announces $470,000 Private Placement\n VANCOUVER, Aug. 16, 2019 /CNW/ - Stuhini Exploration Ltd. (TSX-V STU)  (the \"Company\" or \"Stuhini\") is pleased to announce a non-brokered private placement of up to 2,500,000 common shares in the capital of the Company (\"Shares\"). The Offering will consist of 1,000,000 Shares at a price of $0.17 per share to Mr. Eric Sprott, a strategic investor. The balance of the Offering, consisting of up to 1,500,000 Shares, will be offered to all other investors, including insiders of the Company, at a price of $0.20 per Share. \n\n \n \n\n \nAggregate gross proceeds of the Offering of up to $470,000 will be used by the Company to fund exploration and development activities at both the Metla Creek Property and the Ruby Creek Property (under option subject to regulatory and shareholder approval), and general administration and corporate purposes. There are no finders fees or commissions payable in relation to this Offering.\nDavid O'Brien, President and Chief Executive Officer of Stuhini, commented: \"On behalf of the Board of Directors, I would like to take this opportunity to welcome Mr. Eric Sprott, as an important new strategic shareholder.  Through this relationship, Stuhini gains a depth of knowledge and we look forward to working with his team to realize upon the full potential of this relationship.\" \nIt is anticipated that certain directors, officers and other insiders of the Company will acquire Shares under the Offering. Such participation will be considered to be \"related party transactions\" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61 101 Protection of Minority Security Holders in Special Transactions (\"MI 61‑101\") adopted in the Policy. The Company intends to ...