Stuhini Exploration Ltd. is pleased to announce the completion of its non?brokered private placement. The Company issued 1,400,000 common shares that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $0.22 per Flow-Through Common Share for aggregate gross proceeds to the Company of Cdn$308,000 . The gross proceeds from the sale of the Flow-Through Common Shares will be used to incur [...]
Stuhini Exploration Ltd. is pleased to announce a non?brokered private placement consisting of up to 1,400,000 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of $0.22 per Flow-Through Common Share for aggregate gross proceeds to the Company of up to Cdn$308,000. The net proceeds from the sale of the Flow-Through Common Shares will be used to incur [...]
Stuhini Exploration Ltd. is pleased to announce that the Ruby Creek Option Agreement entered into between the Company and Global Drilling Solutions Inc. received approval of 100% of the votes cast at the Company's Annual General Meeting held on November 28, 2019. All other matters, consisting of the election of directors, appointment of auditors and re-approval of the Company's 10% "rolling" stock option plan, were [...]
Stuhini Exploration Ltd. provides the following update since completion of its initial public offering and listing on the TSX Venture Exchange in late May of this year. The Company was able to secure a geological team for a modest 7 day work program based out of Atlin in late August. The plan for this program was threefold: to conduct work on the Metla Phase 1 exploration program to conduct further diligence on the Ruby [...]
Stuhini Exploration Ltd. wishes to provide certain additional disclosures to supplement its information circular dated October 23, 2019 in connection with the annual general meeting of shareholders of the Company to be held on November 28, 2019. At the Meeting, the shareholders of the Company will be asked to approve, amongst other things, the Ruby Creek Option Agreement , whereby the Company can acquire a 100% interest [...]
Stuhini Exploration Ltd. is pleased to announce the filing of a technical report titled "Technical Report on the Ruby Creek Project Within the Atlin Gold Camp British Columbia, Canada" with an effective date of October 22, 2019. The Technical Report was completed for the Company by Nicholas Clive Aspinall, an independent Qualified Person, in accordance with National Instrument 43-101 – Standards of Disclosure for [...]
Stuhini Exploration Ltd. is pleased to announce the completion of its non-brokered private placement on September 18, 2019. The Company issued a total of 2,500,000 common shares for gross proceeds of $470,000. Eric Sprott, the Company's new strategic investor, subscribed for 1,000,000 common shares for gross proceeds of $170,000. The net proceeds of the Private Placement will be used to advance exploration on the [...]
Stuhini Exploration Ltd. wishes to clarify that the proceeds of the private placement announced on August 16, 2019 will not be used in relation to the Ruby Creek Property. As announced on July 30, 2019, the Company entered into an option agreement to acquire a 100% interest in the Ruby Creek Property, which agreement remains subject to TSX-V and disinterested shareholder approval. The private placement is fully [...]
Stuhini Announces $470,000 Private Placement Stuhini Exploration Ltd. is pleased to announce a non-brokered private placement of up to 2,500,000 common shares in the capital of the Company . The Offering will consist of 1,000,000 Shares at a price of $0.17 per share to Mr. Eric Sprott, a strategic investor. The balance of the Offering, consisting of up to 1,500,000 Shares, will be offered to all other investors [...]
VANCOUVER, Aug. 7, 2019 /CNW/ - Stuhini Exploration Ltd. announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 600,000 common shares of the Company at an exercise price of $0.20 per share for a five year term expiring August 06, 2024. The option grants vest in stages of 25% every three month such that all options will fully vest by August 06, 2020 subject to [...]
VANCOUVER, July 30, 2019 /CNW/ - Stuhini Exploration Ltd. is pleased to announce that it has entered into an option agreement with Global Drilling Solutions Inc. whereby Stuhini can acquire a 100% interest in Global Drilling's Ruby Creek Property , located in north western British Columbia, Canada . "We are delighted with this Agreement as it provides the Company a low risk opportunity to conduct a modern gold exploration [...]
Stuhini Exploration Ltd. is pleased to announce that certain directors, officers and consultants of the Company have exercised stock options to purchase 410,000 common shares in the capital of the Company at an exercise price of $0.10 per Common Share. These options were originally granted on April 15, 2018 and had an expiry date of July 15, 2019. An aggregate of 202,500 Common Shares purchased by certain officers [...]