Vertical Exploration Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants for One Year

Rhea-AI Summary

Vertical Exploration (TSXV:VERT) extended the expiry date of 14,160,000 outstanding common share purchase warrants. These warrants, issued June 30, 2023 at a $0.10 exercise price, will now expire on June 30, 2027, subject to TSX Venture Exchange acceptance.

Original warrant certificates remain valid; all other terms are unchanged.

Positive

• Extension of 14,160,000 warrants to June 30, 2027
• $0.10 exercise price for all extended warrants maintained
• Potential future equity inflow preserved if warrants are exercised

Negative

• Warrant extension remains subject to TSX Venture Exchange acceptance
• Extended warrants may continue to represent an overhang on the share structure

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC / ACCESS Newswire / June 16, 2026 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Vertical" or the "Company") has agreed to extend the expiry date of certain of its outstanding common share purchase warrants for an additional year.

14,160,000 warrants that were issued pursuant to a private placement that closed on June 30, 2023 with an exercise price of $0.10 and an initial expiry date of June 30, 2025. The warrants were extended last year to expire on June 30, 2026, as stated in the Company's news release dated May 20, 2026. The new expiry date for the warrants will be June 30, 2027. For further information on the original issuance of the warrants, please refer to the press releases of the Company dated June 30, 2023.

Warrantholders are advised that replacement warrant certificates will not be issued and that the original warrant certificates must be presented to the company in order to effect the exercise or transfer of such warrants. All other terms and conditions of the warrants remain in full force and effect. The warrant extension remains subject to TSX Venture Exchange acceptance of requisite regulatory filings.

ABOUT VERTICAL EXPLORATION

Vertical Exploration's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company's flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD

Peter P. Swistak, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995

Toll-Free: 1-888-945-4770 or visit our website www.vertxinc.com

Neither the TSX Venture Exchange nor it's Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Vertical Exploration Inc.

View the original press release on ACCESS Newswire

FAQ

What warrant expiry change did Vertical Exploration (CVVRF) announce on June 16, 2026?

Vertical Exploration extended the expiry of 14,160,000 common share purchase warrants to June 30, 2027. According to the company, these warrants were originally issued June 30, 2023 with a $0.10 exercise price, and all other terms remain unchanged.

How many Vertical Exploration (CVVRF) warrants were extended and at what exercise price?

Vertical Exploration extended 14,160,000 common share purchase warrants with a $0.10 exercise price. According to the company, these warrants now expire June 30, 2027, preserving the same strike price and all existing terms and conditions.

When do the extended Vertical Exploration (CVVRF) warrants now expire?

The extended Vertical Exploration warrants now expire on June 30, 2027. According to the company, this follows prior extensions from the initial June 30, 2025 expiry and remains subject to TSX Venture Exchange acceptance of required filings.

Do Vertical Exploration (CVVRF) warrant holders need new certificates after the expiry extension?

Warrant holders do not receive replacement certificates for the Vertical Exploration extension. According to the company, original warrant certificates must be presented to exercise or transfer the warrants, and all other warrant terms stay in full force and effect.

Is the Vertical Exploration (CVVRF) warrant expiry extension already approved by the TSX Venture Exchange?

The warrant expiry extension is not yet fully effective; it remains subject to TSX Venture Exchange acceptance. According to Vertical Exploration, the extension depends on the exchange’s approval of the requisite regulatory filings.

What was the original issue date and first expiry date of Vertical Exploration (CVVRF) warrants?

The 14,160,000 Vertical Exploration warrants were issued on June 30, 2023 with an initial June 30, 2025 expiry. According to the company, they were later extended and now have a new expiry date of June 30, 2027.