Core Points - Onyx Gold Corp. has announced the acceleration of the expiry of outstanding common share purchase warrants, originally issued on July 6, 2023, and amended on January 29, 2025 [1][2] - A total of 3,419,111 out of 7,143,999 warrants have been exercised, generating proceeds of $1,025,733, with 3,724,888 warrants remaining outstanding [1][2] - The expiry date of the warrants has been accelerated to May 24, 2025, following a closing share price exceeding $0.375 for 10 consecutive trading days [2] - The company anticipates that the remaining warrants will be exercised, potentially raising up to $2.14 million to support upcoming exploration efforts [3] - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [4] Company Overview - Onyx Gold is an exploration company with a portfolio that includes the Munro-Croesus Gold property and two additional exploration properties, Golden Mile and Timmins South [4] - The company also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [4] - The management team is committed to creating shareholder value through responsible mineral exploration and capital allocation [4]
Onyx Gold Announces Warrant Acceleration and over $1 Million Exercised to Date