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Storm Settles Outstanding Debt
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Storm Settles Outstanding Debt
VANCOUVER, BC / ACCESS Newswire / April 17, 2025 / Storm Exploration Inc. (TSX-V:STRM) (the "Company") today announced that it intends to issue an aggregate of 7,039,742 common shares (the "Shares") at $0.05 per Share in settlement (the "Debt Settlement") of an aggregate of $351,987.10 in outstanding debt (the "Debt"), including accrued management fees owing to a company controlled by a director and officer of the Company, and accrued management fees to an officer of the Company.
The proposed Debt Settlement remains subject to the approval of the TSXV Venture Exchange. All shares issued under the proposed Debt Settlement will be subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws.
About Storm Exploration Inc.
Storm Exploration Inc. is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
For further information, please contact:
Storm Exploration Inc.
+1 (604) 506-2804
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
SOURCE: Storm Exploration Inc.
View the original press release on ACCESS Newswire
Bouchard--SMC
