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Stuhini Closes First Tranche of Non-Brokered Private Placement
Newsfileยท2025-08-25 12:30

Core Points - Stuhini Exploration Ltd. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $260,000 through the issuance of 2,166,332 Units at a price of $0.12 per Unit [1][2] - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.18 until August 22, 2027 [2] - Certain directors and officers acquired 184,000 Units, qualifying as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [3] - The securities issued are subject to a regulatory resale hold period ending December 23, 2025, and the private placement is pending final approval from the TSX Venture Exchange [4] - The net proceeds from the private placement will be used to support exploration and advancement of the Ruby Creek Project and for corporate initiatives and general working capital [5] Company Overview - Stuhini Exploration Ltd. is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada [7] - The company's portfolio includes the Ruby Creek Property, South Thompson Nickel Project, and Big Ledge Property, indicating a diverse range of exploration activities [7]