Business
Sherpa II Holdings Corp. Announces Extension of Warrants
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2023) - Sherpa II Holdings Corp. ...
About this update from Sherpa Ii Holdings Corp.
[{"type":"text","content":"Sherpa II Holdings Corp. Announces Extension of WarrantsVancouver, British Columbia--(Newsfile Corp. - November 24, 2023) - Sherpa II Holdings Corp. (TSXV: SHRP) (the \"Company\" or \"Sherpa\") announces that, subject to receipt of required approval from the TSX Venture Exchange, the Company will extend the expiry date of a total of 5,000,000 outstanding common share purchase warrants (the \"Warrants\").The Warrants were issued pursuant to a non-brokered private placement of 1,500,000 units (\"Units\") and 3,500,000 flow-through units (\"FT Units\"). Each Unit was priced at $0.08 and consisted of one common share and one common share purchase warrant (\"Warrant\"). Each Warrant entitled the holder thereof to purchase one additional common share at an exercise price of $0.12 until November 26, 2023. Each FT Unit was priced at $0.10 and consisted of one flow-through common share in the capital of the Company and one common share purchase warrant (a \"FT Warrant\"). Each FT Warrant entitled the holder thereof to purchase one additional common share at an exercise price of $0.15 until November 26, 2023. Pursuant to the amendment, the Warrants and FT Warrants are being amended by extending the expiry date to November 26, 2025. All other terms and conditions will remain unchanged. About the CompanySherpa II Holdings Corp. is a Canadian junior mineral exploration company with a majority interest in the Bakar Claims located in northwestern Vancouver Island, British Columbia and a 100% undivided interest in all technical data relating to the Bakar Claims.For further information please contact:Thomas O'NeillChief Executive OfficerTel. (604) 484-4170FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including, but not limited to, statements with respect to the timing for closing of the Offering, the receipt of regulatory approvals, the use of proceeds from the Offering and the Company's future plans and intentions. Wherever possible, words such as \"may\", \"will\", \"should\", \"could\", \"expect\", \"plan\", \"intend\", \"anticipate\", \"believe\", \"estimate\", \"predict\" or \"potential\" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are base...