01:13:21 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Storm Exploration Inc (2)
Symbol STRM
Shares Issued 41,632,685
Close 2024-04-23 C$ 0.06
Market Cap C$ 2,497,961
Recent Sedar Documents

Storm Exploration 6.21-million-share private placement

2024-04-23 19:19 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 14, 2024.

Number of shares:  6.21 million shares

Purchase price:  five cents per share

Warrants:  3,105,000 share purchase warrants to purchase 3,105,000 shares

Warrant exercise price:  7.5 cents for a three-year period

Number of placees:  23 placees

Total existing insider involvement:  1.3 million (two insiders)

Total pro group involvement:  250,000 (one pro group)

Finder's fee:  $10,740 cash and 214,800 warrants

Finder's warrant terms:  Each finder's warrant entitles the holder to purchase one common share at 7.5 cents per share for a period of three years from the date of issuance.

The company issued a news release on April 23, 2024, confirming the 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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