Storm Exploration Inc. today announced that it intends to issue an aggregate of 7,039,742 common shares at $0.05 per Share in settlement of an aggregate of $351,987.10 in outstanding 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 [...]
Storm Exploration Inc. today announced that it is exercising its option to convert the upcoming cash installment payment of $275,000 into shares of the Company. The Company will issue a total 8,332,071 common shares at a deemed price of $0.033005 per share as payment due under the option agreement, as amended, with Landore Resources Canada Inc. . "Miminiska and Keezhik are district scale projects that have extensive [...]
Storm Exploration Inc. today announced that it has granted 1,860,000 stock options to certain of the Company's directors, officers and consultants. Each stock option is exercisable at $0.07 per common share and expires on March 12, 2030. The stock options were issued under the terms and conditions of Storm's rolling Stock Option Plan, and the grant is subject to the approval of the TSX Venture Exchange. About Storm [...]
Storm Exploration Inc. announced today that, further to its news release dated August 6, 2023, it has amended its Memorandum Of Understanding dated July 5, 2023 with the Naicatchewenin First Nation concerning the Company's Gold Standard Project located 65 km north of the community of Fort Frances in northwestern Ontario. The MOU establishes a framework for ongoing consultation with the NFN and provides the community with [...]
Storm Exploration Inc. today announced the appointment of Mr. Rob L'Heureux to its Board of Directors and Ms. Taylor Niezen to Chief Financial Officer and Corporate Secretary. Mr. L'Heureux is a Professional Geologist with 25 years of mineral exploration experience throughout the Americas, Africa, Asia and Australia having managed grassroots through to resource definition drill programs on a wide variety of base- and [...]
Not for distribution to the US news wire services or for dissemination in the US Storm Exploration Inc. today announced that it has closed a second and final tranche of the Company's non-brokered private placement , for aggregate gross proceeds of $100,000 bringing the total proceeds for the financing to $502,500. The closing is subject to final acceptance of the TSX Venture Exchange. Pursuant to the Offering, the Company [...]
Storm Exploration Inc. is pleased to announce that it has completed an option payment consisting of $262,500 cash and the issuance of 4,740,864 common STRM shares at a deemed price of $0.052733 per share in connection with its Option Agreement with Landore Resources Canada Inc. to acquire a 100% interest in Miminiska and Keezhik Project. The payment to Landore was made in conjunction with the amendment to the option [...]
Not for distribution to the US news wire services or for dissemination in the US Storm Exploration Inc. is pleased to announce that it has closed a first tranche of the Company's non-brokered private placement , for aggregate gross proceeds of $402,500. The closing is subject to final acceptance of the TSX Venture Exchange. The Offering, previously announced on September 16, 2024, consists of units at a price of $0.05 per [...]
Storm Exploration Inc. today announced that it will conduct a non-brokered private placement , subject to the approval of the TSX Venture Exchange , for aggregate gross proceeds of up to $1,600,000. The Offering will consist of units at a price of $0.05 per Unit, and flow-through units at a price of $0.06 per FT Unit. Each Unit will consist of one common share of the Company and one warrant entitling the holder thereof to [...]
Storm Exploration Inc. today announced that it will conduct a non-brokered private placement , subject to the approval of the TSX Venture Exchange , for aggregate gross proceeds of up to $1,600,000. The Offering will consist of units at a price of $0.05 per Unit, and flow-through units at a price of $0.06 per FT Unit. Each Unit will consist of one common share of the Company and one warrant entitling the holder thereof to [...]
[wp=3545]Storm Exploration announced it has engaged Altitude Capital Consultants Inc. led by well known capital markets practitioner, Michael A. Wekerle. Bruce Counts, President and CEO stated, "Storm is pleased to be working with Altitude to expand its capital markets presence. Mr. Wekerle's experience in capital markets is extensive and he has a remarkable track record of success in the industry. This engagement will allow Storm [...]
Storm Exploration advises that pursuant to the Company's Stock Option Plan, the Company and certain non-insiders of the Company have mutually agreed to cancel certain outstanding stock options. The cancellation comprises an aggregate of a total of 625,000 options with expiry dates between July 13, 2025 and May 2, 2027 and a weighted average exercise price of $0.56 per share. About Storm Exploration Inc. Storm Exploration [...]