Stuhuni Exploration Ltd. said its previously announced non-brokered private placement, which was upsized on March 2, 2023, has been increased by an additional $400,000 for total aggregate proceeds of up to $2.3 million due to demand from potential investors,
The company said in a statement that the private placement would consist of units of the company for $0.40 each. Each unit will consist of one share and one half of a share purchase warrant, with each warrant exercisable into one share at a price of $0.50 per share for a period of two years following the closing of the placement.
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Stuhini Exploration also said it granted stock options to a consultant of the company for 100,000 common shares at $0.50 per share for a term of three years, expiring March 6, 2026.
Stuhini Exploration is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada and southwestern USA.
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