Mr. Brian Stecyk reports
STINA RESOURCES EXTENDS EXPIRY DATE AND REPRICES WARRANTS
Stina Resources Ltd. intends to extend the expiry date of an aggregate of 3,925,000 previously issued common share purchase warrants of the company, as set out in the attached table.
Date issued Current Amended Number of warrants Current Amended
exercise price exercise price to be amended expiry date expiry date
Sept. 19, 2013 $0.45 $0.15 2,100,000 Sept. 19, 2017 Sept. 19, 2018
July 10, 2015 $0.40 $0.15 1,000,000 July 10, 2017 July 10, 2020
Sept. 10, 2015 $0.25 $0.15 325,000 Sept. 10, 2021 Sept. 10, 2021
Jan. 22, 2016 $0.30 $0.15 500,000 Jan. 22, 2018 Jan. 22, 2021
The company also announces that it is creating an incentive stock option plan for employees and directors.
A total of 5.1 million incentive stock options have been allocated for directors/officers/employees and/or consultants under the company's stock option plan at an exercise price of 15 cents per common share expiring on June 27, 2019.
About Stina Resources Ltd.
The company is the owner of vanadium assets in its Bisoni McKay project in Nevada and has recently announced a significant addition of 154 neighbouring claims. The company has a goal of becoming the first North American vertically integrated producer of vanadium and vanadium electrolytes, and related products to the energy storage industry.
We seek Safe Harbor.
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