Stratabound Minerals Provides 30-Day Notice of Expiry of Certain Warrants
Toronto, Ontario--(Newsfile Corp. - November 30, 2020) - Stratabound Minerals Corp. (TSXV:SB) (OTC Pink: SBMIF) ("Stratabound" or the "Company") provides notice that it's shares have now traded above $0.24 for a 10-day inclusive period between Nov. 17th 2020 and November 27th 2020 and, as such, also provides notice that as previously announced in a press release on March 26, 2020, an aggregate of 1,037,152 previously issued warrants (the "Warrants") that were re-priced and extended for an additional 1 year are now due to expire at 4pm eastern time on December 29th, 2020. The warrants in question, post-2019 consolidation, are:
1. March 26, 2018 - 319,166 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous expiry date of March 26, 2021,
2. April 12, 2018 - 149,496 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous expiry date of April 12, 2021;
3. May 7, 2018 - 545,574 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous expiry date of May 7, 2021;
4. June 28, 2018 - 22,916 Warrants exercisable at $0.20, ($0.48 pre-consolidation), with a previous expiry date of June 28, 2021.
Each whole Warrant entitle the holder to purchase one common share of the Company at an exercise price of $0.20. The Warrants contain an acceleration clause, in that if the shares trade at or more than $0.24 for a 10-day period, the expiry date shall terminate upon 30 days-notice. The shares have traded at or more than $0.24 consecutively for the ten-day period ending November 27th, 2020 and such notice of the 30-day expiry is now given. Warrant-holders that wish to exercise these warrants are urged to do so before the new expiry on 4pm eastern time December 29th 2020.
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a fully-funded Canadian exploration and development company focused on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain Copper-Cobalt-Gold Deposit that hosts an NI 43-101 Measured and Indicated Resource.
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.
WARNING: The Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69170