Eagle Plains Announces Application to Extend Warrant Expiry
Eagle Plains Resources (OTCQB:EGPLF) has applied to the TSX Venture Exchange to extend the expiry date of 3,785,529 outstanding common share purchase warrants by 12 months. The warrants, originally issued during a non-brokered private placement in July 2022, are currently set to expire on July 11th, 2025.
The company seeks to extend the expiry to July 11th, 2026, while maintaining the current exercise price of $0.25 per warrant and the acceleration clause. The acceleration clause allows Eagle Plains to expedite expiry if the stock trades at or above $0.50 for 20 consecutive trading days, giving warrant holders 30 days notice to exercise.
Eagle Plains Resources (OTCQB:EGPLF) ha richiesto alla TSX Venture Exchange di prorogare di 12 mesi la scadenza di 3.785.529 warrant per l'acquisto di azioni ordinarie ancora in circolazione. I warrant, emessi originariamente durante un collocamento privato senza broker nel luglio 2022, sono attualmente previsti in scadenza l'11 luglio 2025.
L'azienda intende estendere la scadenza fino al 11 luglio 2026, mantenendo invariato il prezzo di esercizio di 0,25$ per warrant e la clausola di accelerazione. Questa clausola consente a Eagle Plains di anticipare la scadenza se il titolo quota a 0,50$ o più per 20 giorni di negoziazione consecutivi, dando ai detentori dei warrant un preavviso di 30 giorni per esercitarli.
Eagle Plains Resources (OTCQB:EGPLF) ha solicitado a la Bolsa de Valores TSX Venture extender por 12 meses la fecha de vencimiento de 3,785,529 warrants de compra de acciones ordinarias pendientes. Los warrants, emitidos originalmente durante una colocación privada sin intermediarios en julio de 2022, están programados para expirar el 11 de julio de 2025.
La compañía busca extender la fecha de vencimiento hasta el 11 de julio de 2026, manteniendo el precio de ejercicio actual de $0.25 por warrant y la cláusula de aceleración. Esta cláusula permite a Eagle Plains acelerar el vencimiento si la acción cotiza a $0.50 o más durante 20 días hábiles consecutivos, otorgando a los tenedores de warrants un aviso de 30 días para ejercerlos.
Eagle Plains Resources (OTCQB:EGPLF)는 TSX 벤처 거래소에 3,785,529개의 미결제 보통주 매수 워런트 만료일을 12개월 연장해 달라고 신청했습니다. 이 워런트는 2022년 7월 비중개 사모 발행 당시 발행되었으며, 현재 만료일은 2025년 7월 11일로 예정되어 있습니다.
회사는 만료일을 2026년 7월 11일로 연장하길 원하며, 현재 워런트 행사 가격인
Eagle Plains Resources (OTCQB:EGPLF) a demandé à la TSX Venture Exchange de prolonger de 12 mois la date d'expiration de 3 785 529 bons de souscription d'actions ordinaires en circulation. Ces bons, initialement émis lors d'un placement privé sans intermédiaire en juillet 2022, doivent actuellement expirer le 11 juillet 2025.
La société souhaite étendre la date d'expiration au 11 juillet 2026, tout en maintenant le prix d'exercice actuel de 0,25 $ par bon et la clause d'accélération. Cette clause permet à Eagle Plains d'accélérer l'expiration si l'action se négocie à 0,50 $ ou plus pendant 20 jours de bourse consécutifs, donnant aux détenteurs de bons un préavis de 30 jours pour exercer leurs droits.
Eagle Plains Resources (OTCQB:EGPLF) hat bei der TSX Venture Exchange beantragt, das Ablaufdatum von 3.785.529 ausstehenden Kaufoptionen für Stammaktien um 12 Monate zu verlängern. Die Optionsscheine wurden ursprünglich im Juli 2022 im Rahmen einer nicht vermittelten Privatplatzierung ausgegeben und laufen derzeit am 11. Juli 2025 ab.
Das Unternehmen möchte die Laufzeit bis zum 11. Juli 2026 verlängern, wobei der aktuelle Ausübungspreis von 0,25 $ pro Optionsschein und die Beschleunigungsklausel beibehalten werden. Die Beschleunigungsklausel erlaubt es Eagle Plains, das Ablaufdatum vorzuverlegen, wenn die Aktie für 20 aufeinanderfolgende Handelstage bei 0,50 $ oder höher gehandelt wird, wobei den Optionsinhabern eine 30-tägige Frist zur Ausübung eingeräumt wird.
- None.
- Warrant extension may indicate company's challenge in maintaining stock price above exercise level
- Extension request suggests potential difficulties in raising capital through warrant exercises at current terms
CRANBROOK, BC / ACCESS Newswire / June 27, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") has made application to the TSX Venture Exchange for approval and acceptance to amend the term of 3,785,529 outstanding common share purchase warrants which were issued in connection with a non-brokered private placement completed in July 2022, (see EPL news release dated July 11th, 2022, and July 25, 2024). The warrants have a current expiry date of July 11th, 2025.
The share purchase warrants are subject to an accelerated expiry at the option of the Company if the published closing trade price of the common shares on the TSX Venture Exchange is greater than or equal to $.50 for any 20 consecutive trading days, in which event the holder may be given notice that the warrants will expire 30 days following the date of such notice. The common share purchase warrants may be exercised by the holder during the 30-day period between the notice and the expiration of the common share purchase warrants.
Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised date of July 11th, 2026. The exercise price and acceleration clause of the warrants will remain unchanged, at 25 cents per warrant.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over
On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the new expiry date requested for EGPLF's warrants?
How many warrants are affected by EGPLF's extension request?
What is the exercise price for Eagle Plains Resources' warrants?
What is the acceleration clause for EGPLF's warrants?
When were these EGPLF warrants originally issued?
