Business
Early Warning Press Release in Respect of Durango Resources Inc. (The "Issuer")
(TheNewswire) RICHMOND, BC - TheNewswire – June 7, 2...
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Early Warning Press Release in Respect of Durango Resources Inc. (The \"Issuer\")\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n RICHMOND, BC -\n \n \n TheNewswire\n \n \n – June 7, 2021 – This\nEarly Warning Press Release is being filed in respect of Robert\nKiesman (“\n \n \n Kiesman\n \n \n ”), Skeena Gold Fishing Ltd., a\ncorporation controlled by Kiesman (“\n \n \n Skeena\n \n \n ”) and Debra\nWampler, an individual whose securities are under the control and\ndirection of Kiesman (“\n \n \n Wampler\n \n \n ”, and together with Kiesman and\nSkeena, the \"\n \n \n Securityholder\n \n \n \").\n \n \n \n \n The Securityholder filed a previous Early Warning Press\nRelease in respect of the Issuer on August 19, 2020 (the\n“\n \n \n Previous EWNR Filing\nDate\n \n \n ”). Since the Previous EWNR Filing Date,\n1,606,818 warrants of the Issuer that were held by the Securityholder\n(the “\n \n \n Expired\nWarrants\n \n \n ”), have expired (the “\n \n \n Warrant Expiry\n \n \n ”).\n \n \n \n \n The Expired Warrants represent approximately 7.08% of\nthe Issuer's issued Warrants (as defined below) that are outstanding\non the date hereof.\n \n \n \n \n Before the Warrant Expiry, as of the Previous EWNR\nFiling Date:\n \n \n \n \n (a)        Kiesman held an aggregate of: (i)\n3,250,000 Shares, representing 4.25% of the issued and outstanding\nShares; and (ii) 1,958,344 warrants, each exercisable for one Share at\nexercise prices of $0.08, $0.10 and $0.15 per share (the\n“\n \n \n Warrants\n \n \n ”);\n \n \n \n \n (b)        Skeena held an aggregate of: (i)\n1,394,000 Shares, representing 1.82% of the issued and outstanding\nShares; and (ii) 913,474 Warrants; and\n \n \n \n \n (c)        Wampler held: (i) 536,000 Shares,\nrepresenting 0.70% of the issued and outstanding Shares; and (ii)\n436,000 Warrants.\n \n \n \n \n Therefore, before the Warrant Expiry on the Previous\nEWNR Filing Date, the Securityholder collectively held: (a) 5,180,000\nShares, representing 6.78% of the issued and outstanding Shares on a\nnon-diluted basis; and (b) 8,387,818 Shares, representing 10.5% on a\npartially-diluted basis, assuming exercise of the 3,307,818 Warrants\nbut th...