STUHINI EXPLORATION LTD. ("STU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 23, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 23, 2023, March 2, 2023 and March 6, 2023:
Number of Shares: 6,000,000 shares
Purchase Price: $0.40 per share
Warrants: 3,000,000 share purchase warrants to purchase 3,000,000 shares
Warrant Exercise Price: $0.50 for a two-year period
Number of Placees: 41 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: N/A N/A
Aggregate Pro Group Involvement: 1 40,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $9,180.00 N/A 22,950
Each finder's warrant is non-transferable and exercisable into one common share of the Company at a price of $0.50 per share for a period of two years from March 17, 2023.
The Company issued a news release on March 20, 2023, confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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