Storm Exploration advises that pursuant to the Company's Stock Option Plan, the Company and certain non-insiders of the Company have mutually agreed to cancel certain outstanding stock options. The cancellation comprises an aggregate of a total of 625,000 options with expiry dates between July 13, 2025 and May 2, 2027 and a weighted average exercise price of $0.56 per share. About Storm Exploration Inc. Storm Exploration [...]
Storm Exploration announced that, further to the Company's news release dated July 4, 2024, it has reached an agreement with Landore Resources Canada to extend, by up to 18 months, the dates for the remaining payments under the Option Agreement to acquire a 100% interest the Miminiska and Keezhik properties. The remaining payments to Landore are tabled below: The Storm shares will be subject to a voluntary pooling [...]
Storm Exploration Inc. today provides the following update on the option agreement to acquire a 100% interest in the Miminiska and Keezhik properties from Landore Resources Canada Inc., a wholly owned subsidiary of Landore Resources Ltd. . Storm acknowledges that the payment due June 28th 2024, as defined in the amended Agreement , was missed. The Company is in active discussions with the management of Landore to revise [...]
Storm Exploration Inc. today announced that the Option Agreement to acquire a 100% interest the Miminiska and Keezhik properties has been amended. Option Agreement Amendment StormEx and Landore Resources Canada Inc. have agreed to amend the Option Agreement to acquire a 100% interest in the Miminiska and Keezhik Properties . The amendment modifies the schedule of remaining option payments which are outlined in Table 1 [...]
Storm Exploration Inc. is pleased to announce that it has signed an Exploration Agreement with the Eabametoong First Nation regarding the Company's Fort Hope Projects: Miminiska, Keezhik and Attwood. "The execution of an Exploration Agreement between Storm and the Eabametoong First Nation is a major milestone. I would like to thank Chief and Council for their dedicated time and effort in realizing this agreement and [...]
Storm Exploration Inc. is pleased to announce that it has completed the twenty four-month option payment in connection with its Option Agreement to acquire a 100% interest in the Gold Standard Project located in northwest Ontario. The payment consisted of $25,000 cash and the issuance of 59,524 common shares at a deemed price of $0.42 per share to the property vendors. The Company has now completed its payment obligations [...]
Storm Exploration Inc. is pleased to announce that it has today closed the Company's non-brokered private placement, previously announced on March 14, 2024 . The closing is subject to final acceptance of the TSX Venture Exchange. Pursuant to the Offering, the Company has issued 6,210,000 units at a price of $0.05 per Unit, for aggregate gross proceeds of $310,500. Each Unit consists of one common share of the Company and [...]
Storm Exploration Inc. today announced that it has completed its previously announced Shares for Debt transaction and settled an amended aggregate of $210,000 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of an aggregate of 4,200,000 common shares at a deemed price of $0.05 per common share. The insider portion of the debt settlement being an aggregate of $160,000 [...]
Storm Exploration Inc. today announced that it will conduct a non-brokered private placement , subject to the approval of the TSX Venture Exchange , for aggregate gross proceeds of up to $300,000. The Offering will consist of units at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company and one-half warrant each whole Warrant entitling the holder thereof to acquire an additional common [...]
Storm Exploration Inc. today announced that it intends to settle an aggregate of $219,000 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of an aggregate of 4,380,000 common shares at a deemed price of $0.05 per common share . The Transaction is subject to acceptance by the TSX Venture Exchange. Completion of the Transaction will allow the Company to improve its working [...]
Storm Exploration Inc. today announced that the Option Agreement to acquire a 100% interest in the Miminiska and Keezhik gold properties has been amended. Option Agreement Amendment StormEx and Landore Resources Canada Inc. have agreed to amend the Option Agreement to acquire a 100% interest in the Miminiska and Keezhik Properties . The amendment modifies the schedule of remaining option payments which are outlined in [...]
Storm Exploration Inc. today announced that it has terminated the Toogood Option Agreement with Prospector Metals Corp. announced on September 25, 2023 due to regulatory and market conditions. Instead, the Company will focus on advancing the Copper-Zinc VMS target identified on its road accessible Gold Standard Project located approximately 60 km north of the community of Fort Frances in northwestern Ontario. Gold [...]
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