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STRATEGIC MINERALS ISSUES WARRANTS IN CONNECTION WITH PREVIOUSLY ANNOUNCED US$1.075 MILLION LOAN TRANSACTION
STRATEGIC MINERALS ISSUES WARRANTS IN CONNECTION WITH PREVIOUSLY ANNOUNCED US$1.075 MILLION LOAN TRANSACTION.
About this update from Strategic Minerals Europe Corp.
[{"type":"text","content":"\n\n\n\nSTRATEGIC MINERALS ISSUES WARRANTS IN CONNECTION WITH PREVIOUSLY ANNOUNCED US$1.075 MILLION LOAN TRANSACTION\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\n\n\n\n\n\nSTRATEGIC MINERALS ISSUES WARRANTS IN CONNECTION WITH PREVIOUSLY ANNOUNCED US$1.075 MILLION LOAN TRANSACTION\nCanada NewsWire\nTORONTO, May 29, 2023\n\n\n\nTORONTO, May 29, 2023 /CNW/ - Strategic Minerals Europe Corp. (NEO: SNTA) (OTCQB: SNTAF) (\"Strategic Minerals\" or \"the Company\"), a company focused on the production, development, and exploration of tin, tantalum, and niobium, announces that, pursuant to the previously-announced US$1.075 million loan transaction (the \"Loan\") with SMS (as defined herein), Jaime Perez Branger and Miguel de la Campa on May 9, 2023, the Company has issued an aggregate of 537,500 common share purchase warrants (the \"Warrants\") to Mr. Perez Branger and Mr. de la Campa as partial consideration for them providing the Term Loan (the \"Private Placement\").\nEach Warrant is exercisable by the holder to acquire one common share of the Company (the \"Warrant Shares\") at a price of $0.06 per share until April 11, 2026.\nThe Private Placement remains subject to the final acceptance of Cboe Canada and all regulatory approvals. The Warrant Shares, if issued upon the exercise of any Warrants, will subject to a voluntary hold period ending on September 30, 2023.\nAbout Strategic Minerals Europe Corp. Strategic Minerals' wholly-owned subsidiary, Strategic Minerals Spain, S.L. (\"SMS\"), produces, identifies, explores, and develops mineral resource properties critical to the green economy, predominantly in Spain. SMS holds permits and a production license for the Penouta Project, and a 30% carried joint venture interest in the Alberta II/Carlota Lithium Project (\"Alberta II/Carlota Joint Venture\"). SMS is the largest producer of cassiterite concentrate and tantalite in the European Union and has been recognized within the EU as an exemplary company of good practices in the circular economy. The Company is well-positioned as a major producer of sustainable and conflict-free tin, tan...