Eagle Plains Announces Conditional Approval of Warrant Expiry Extension and Additional Application to Extend Warrant Expiry
Eagle Plains Resources (OTCQB:EGPLF) has received conditional TSX Venture Exchange approval to extend the expiry dates of two sets of warrants. The first extension involves 3,785,529 warrants from July 2022, currently expiring July 11th, 2025, to be extended to July 11th, 2026, with an exercise price of $0.25. The second application concerns 2,220,750 warrants from August 2023, seeking extension from August 2nd, 2025 to August 2nd, 2026, with an exercise price of $0.30.
Both warrant sets maintain their acceleration clauses, which can be triggered if the company's stock trades at or above $0.50 for 20 consecutive trading days, requiring exercise within 30 days of notice.
Eagle Plains Resources (OTCQB:EGPLF) ha ottenuto l'approvazione condizionata dalla TSX Venture Exchange per estendere le date di scadenza di due serie di warrant. La prima estensione riguarda 3.785.529 warrant emessi a luglio 2022, attualmente in scadenza l'11 luglio 2025, che saranno prorogati fino all'11 luglio 2026, con un prezzo di esercizio di 0,25$. La seconda riguarda 2.220.750 warrant emessi ad agosto 2023, con richiesta di estensione dalla scadenza del 2 agosto 2025 al 2 agosto 2026, con un prezzo di esercizio di 0,30$.
Entrambi i set di warrant mantengono le clausole di accelerazione, che possono essere attivate se il titolo della società viene scambiato a o sopra 0,50$ per 20 giorni di borsa consecutivi, richiedendo l'esercizio entro 30 giorni dalla notifica.
Eagle Plains Resources (OTCQB:EGPLF) ha recibido la aprobación condicional de la TSX Venture Exchange para extender las fechas de vencimiento de dos series de warrants. La primera extensión afecta a 3,785,529 warrants emitidos en julio de 2022, que actualmente vencen el 11 de julio de 2025, y se extenderán hasta el 11 de julio de 2026, con un precio de ejercicio de 0,25$. La segunda solicitud corresponde a 2,220,750 warrants emitidos en agosto de 2023, buscando extender la fecha del 2 de agosto de 2025 al 2 de agosto de 2026, con un precio de ejercicio de 0,30$.
Ambos grupos de warrants mantienen sus cláusulas de aceleración, que pueden activarse si las acciones de la empresa se negocian a 0,50$ o más durante 20 días hábiles consecutivos, requiriendo el ejercicio dentro de los 30 días posteriores a la notificación.
Eagle Plains Resources (OTCQB:EGPLF)는 TSX 벤처 거래소로부터 두 종류의 워런트 만기일 연장에 대한 조건부 승인을 받았습니다. 첫 번째 연장은 2022년 7월 발행된 3,785,529개의 워런트로, 현재 만기일인 2025년 7월 11일에서 2026년 7월 11일까지 연장되며, 행사가격은 0.25달러입니다. 두 번째는 2023년 8월 발행된 2,220,750개의 워런트로, 만기일을 2025년 8월 2일에서 2026년 8월 2일까지 연장하고자 하며, 행사가격은 0.30달러입니다.
두 워런트 세트 모두 가속 조항을 유지하며, 회사 주식이 연속 20거래일 동안 0.50달러 이상 거래될 경우 발동되어 통지 후 30일 내에 행사해야 합니다.
Eagle Plains Resources (OTCQB:EGPLF) a reçu l'approbation conditionnelle de la TSX Venture Exchange pour prolonger les dates d'expiration de deux séries de bons de souscription (warrants). La première prolongation concerne 3 785 529 warrants émis en juillet 2022, actuellement expirant le 11 juillet 2025, qui seront étendus jusqu'au 11 juillet 2026, avec un prix d'exercice de 0,25$. La deuxième demande concerne 2 220 750 warrants émis en août 2023, cherchant à prolonger la date d'expiration du 2 août 2025 au 2 août 2026, avec un prix d'exercice de 0,30$.
Les deux séries de warrants conservent leurs clauses d'accélération, pouvant être déclenchées si l'action de la société se négocie à 0,50$ ou plus pendant 20 jours de bourse consécutifs, exigeant l'exercice dans les 30 jours suivant la notification.
Eagle Plains Resources (OTCQB:EGPLF) hat die bedingte Genehmigung der TSX Venture Exchange erhalten, um die Ablaufdaten von zwei Warrants-Sätzen zu verlängern. Die erste Verlängerung betrifft 3.785.529 Warrants aus Juli 2022, die derzeit am 11. Juli 2025 auslaufen, und auf den 11. Juli 2026 verlängert werden, mit einem Ausübungspreis von 0,25$. Die zweite Antragstellung betrifft 2.220.750 Warrants aus August 2023, mit der Beantragung einer Verlängerung vom 2. August 2025 auf den 2. August 2026, bei einem Ausübungspreis von 0,30$.
Beide Warrants-Sätze behalten ihre Beschleunigungsklauseln bei, die ausgelöst werden können, wenn die Aktie des Unternehmens für 20 aufeinanderfolgende Handelstage bei oder über 0,50$ gehandelt wird, was eine Ausübung innerhalb von 30 Tagen nach Benachrichtigung erfordert.
- Warrant holders get additional 12 months to exercise their rights
- Maintains existing exercise prices without increases
- Potential future dilution if warrants are exercised
- Extension may indicate lack of confidence in near-term share price appreciation
CRANBROOK, BC / ACCESS Newswire / July 15, 2025 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") has received conditional approval from the TSX Venture Exchange 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, July 25, 2024 and June 27, 2025). 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.
Additionally, Eagle Plains has made application to the TSX Venture Exchange for approval and acceptance to amend the term of 2,220,750 outstanding common share purchase warrants which were issued in connection with a non-brokered private placement completed in August, 2023, (see EPL news release dated August 3rd, 2023). The warrants have a current expiry date of August 2nd, 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 August 2nd, 2026. The exercise price and acceleration clause of the warrants will remain unchanged, at 30 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 2010-2024 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
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