Gungnir Extends Warrant Expiry Dates
Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) has announced its intention to extend the expiry dates of 15,330,667 outstanding warrants, subject to TSX Venture Exchange approval.
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Rhea-AI Summary
Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) has announced its intention to extend the expiry dates of 15,330,667 outstanding warrants, subject to TSX Venture Exchange approval. These warrants, originally issued in September and October 2020 with three-year expiry dates, and in September 2021 with a two-year expiry date, were part of private placements of units consisting of common shares and warrants. The company had previously extended these warrants by one year and is now seeking a further one-year extension from their current expiry dates. The warrants will maintain their original exercise prices of $0.09 and $0.08.
Positive
- Extension of warrant expiry dates provides more time for potential exercise
- Maintenance of original exercise prices at $0.09 and $0.08
Negative
- Potential dilution if all warrants are exercised
Details
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SURREY, BC / ACCESSWIRE / August 27, 2024 / Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) ("Gungnir" or the "Company") is pleased to announce that it intends to extend, subject to the approval of the TSX Venture Exchange, the expiry dates of an aggregate of 15,330,667 outstanding warrants as detailed below.
The subject warrants were originally issued on September 24, 2020 and October 1, 2020, with an original expiry date of three years after the applicable issue date, and September 10, 2021, with an original expiry date of two years after the issue date. The warrants were issued in connection with private placements of units consisting of common shares and warrants of the Company. The Company previously extended the expiry dates of the subject warrants by one year, and the new expiry dates will provide a further one-year extension of the warrants from their current expiry dates. These warrants continue to be exercisable at their original exercise price.
Exercise Price | Original Expiry Date | Amended Expiry Date |
September 24, 2023 | September 24, 2025 | |
October 1, 2023 | October 1, 2025 | |
September 10, 2023 | September 10, 2025 |
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG:TSX-V)(ASWRF:OTCPK) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften-Hemberget project which hosts a developing intrusion-hosted gold system, VMS-style mineralization, and copper-nickel targets. Currently, the Company is focused on its newly discovered gold target at Hemberget. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.
On behalf of the Board,
Jari Paakki, CEO and Director
For further information contact:
Head Office/Investor Relations
Phone: +1-604-683-0484
Email: corporatecommunications@gungnirresources.com
Jari Paakki, CEO
Email: jpaakki@eastlink.ca
Chris Robbins, CFO
Email: robbinscr@shaw.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Gungnir Resources Inc.
View the original press release on accesswire.com
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