Arras Minerals Strengthens Financial Position with C$4 Million Raised from Warrant Exercises
Arras Minerals Corp (OTCQB:ARRKF) has successfully raised C$4,053,733 through the complete exercise of 10,134,332 warrants by holders, following the company's acceleration of the warrant expiry date announced on February 12, 2025.
The company plans to commence fieldwork in April, focusing on the Phase 2 program at Elemes and the Arras-Teck Strategic Alliance work program in Kazakhstan. Additionally, Arras has granted 241,196 restricted share units (RSUs) to officers as 2024 performance awards, vesting one year from February 27, 2025.
The company has also settled 1,495,484 RSUs granted in February 2024 as common shares. Following these transactions, Arras now has 100,865,297 common shares outstanding.
Arras Minerals Corp (OTCQB:ARRKF) ha raccolto con successo C$4.053.733 attraverso l'esercizio completo di 10.134.332 warrant da parte dei detentori, a seguito dell'accelerazione della data di scadenza dei warrant annunciata il 12 febbraio 2025.
L'azienda prevede di iniziare il lavoro sul campo ad aprile, concentrandosi sul programma Fase 2 a Elemes e sul programma di lavoro dell'Alleanza Strategica Arras-Teck in Kazakistan. Inoltre, Arras ha concesso 241.196 unità di azioni vincolate (RSU) ai dirigenti come premi di performance per il 2024, con maturazione un anno dopo il 27 febbraio 2025.
L'azienda ha anche liquidato 1.495.484 RSU concesse a febbraio 2024 come azioni ordinarie. Dopo queste transazioni, Arras ha ora 100.865.297 azioni ordinarie in circolazione.
Arras Minerals Corp (OTCQB:ARRKF) ha recaudado con éxito C$4,053,733 mediante el ejercicio completo de 10,134,332 warrants por parte de los titulares, tras la aceleración de la fecha de vencimiento de los warrants anunciada el 12 de febrero de 2025.
La empresa planea comenzar el trabajo de campo en abril, centrándose en el programa de Fase 2 en Elemes y el programa de trabajo de la Alianza Estratégica Arras-Teck en Kazajistán. Además, Arras ha otorgado 241,196 unidades de acciones restringidas (RSUs) a los directivos como premios de rendimiento para 2024, que se consolidarán un año después del 27 de febrero de 2025.
La empresa también ha liquidado 1,495,484 RSUs otorgadas en febrero de 2024 como acciones comunes. Tras estas transacciones, Arras ahora tiene 100,865,297 acciones comunes en circulación.
Arras Minerals Corp (OTCQB:ARRKF)는 보유자들에 의해 10,134,332 개의 워런트를 완전히 행사하여 C$4,053,733를 성공적으로 모금하였으며, 이는 2025년 2월 12일에 발표된 워런트 만료일의 가속화에 따른 것입니다.
회사는 4월에 현장 작업을 시작할 계획이며, Elemes의 2단계 프로그램과 카자흐스탄의 Arras-Teck 전략적 동맹 작업 프로그램에 집중할 것입니다. 또한, Arras는 2024년 성과 보상으로 241,196개의 제한 주식 단위(RSU)를 임원에게 부여하였으며, 이는 2025년 2월 27일부터 1년 후에 취득됩니다.
회사는 또한 2024년 2월에 부여된 1,495,484 RSU를 보통주로 정산하였습니다. 이러한 거래 후, Arras는 현재 100,865,297개의 보통주가 발행되어 있습니다.
Arras Minerals Corp (OTCQB:ARRKF) a réussi à lever C$4,053,733 grâce à l'exercice complet de 10,134,332 bons par les détenteurs, suite à l'accélération de la date d'expiration des bons annoncée le 12 février 2025.
L'entreprise prévoit de commencer les travaux sur le terrain en avril, en se concentrant sur le programme de Phase 2 à Elemes et le programme de travail de l'Alliance Stratégique Arras-Teck au Kazakhstan. De plus, Arras a accordé 241,196 unités d'actions restreintes (RSU) aux dirigeants en tant que primes de performance pour 2024, qui seront acquises un an après le 27 février 2025.
L'entreprise a également réglé 1,495,484 RSUs accordées en février 2024 sous forme d'actions ordinaires. À la suite de ces transactions, Arras a maintenant 100,865,297 actions ordinaires en circulation.
Arras Minerals Corp (OTCQB:ARRKF) hat erfolgreich C$4.053.733 durch die vollständige Ausübung von 10.134.332 Warrants durch die Inhaber gesammelt, nachdem das Unternehmen das Ablaufdatum der Warrants am 12. Februar 2025 beschleunigt hat.
Das Unternehmen plant, im April mit der Feldarbeit zu beginnen, wobei der Fokus auf dem Phase-2-Programm in Elemes und dem Arbeitsprogramm der Arras-Teck-Strategischen Allianz in Kasachstan liegt. Darüber hinaus hat Arras 241.196 Restricted Share Units (RSUs) an Führungskräfte als Leistungsprämien für 2024 gewährt, die ein Jahr nach dem 27. Februar 2025 fällig werden.
Das Unternehmen hat auch 1.495.484 RSUs, die im Februar 2024 gewährt wurden, als Stammaktien ausgezahlt. Nach diesen Transaktionen hat Arras nun 100.865.297 Stammaktien ausgegeben.
- Raised C$4.05 million in gross proceeds through warrant exercises
- 100% of warrants were exercised by holders, showing strong shareholder support
- Fully funded for Phase 2 program at Elemes and Arras-Teck Strategic Alliance work
- Increased share count due to warrant exercises and RSU settlement, leading to dilution
VANCOUVER, BC / ACCESS Newswire / March 17, 2025 / Arras Minerals Corp. (TSX-V:ARK)(OTCQB:ARRKF) ("Arras" or the "Company") is pleased to announce that further to the Company's news release on February 12, 2025 whereby the Company announced that it elected to exercise its right under the terms of certain common share purchase warrants issued on June 6, 2024 (the "Warrants") to accelerate the expiry date of the Warrants, all 10,134,332 Warrants have been exercised by the holders. This has brought in gross proceeds of C
Tim Barry, CEO commented, "We wish to thank shareholders for their continued support through the full exercise of the warrants. We are currently finalizing geophysical survey and drilling contracts and expect to commence fieldwork later in April. The Company is well positioned to kick off our Phase 2 program at Elemes and together with the work program planned on the Arras-Teck Strategic Alliance, we are very excited about the many targets we will be advancing over the next 8-12 months in Kazakhstan".
Grant and Settlement of Restricted Share Units
In accordance with the Company's Equity Incentive Plan, Arras has granted an aggregate of 241,196 restricted share units ("RSUs") to certain officers as annual performance awards for 2024. The RSUs vest one year from the grant date (February 27, 2025).
Additionally, an aggregate of 1,495,484 RSUs that were granted in February 2024 as annual performance awards for 2023 were settled as common shares of the Company effective March 14, 2025.
Following the exercise of these warrants and settlement of RSUs, the Company now has 100,865,297 common shares issued and outstanding.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, MAusIMM CP(Geo)
Chief Executive Officer and Director
INVESTOR RELATIONS:
+1 604 687 5800
info@arrasminerals.com
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About Arras Minerals Corp.
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold porphyry project and the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck may sole fund a US
Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Arras Minerals' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras Minerals is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras Minerals' exploration projects, the industry in which Arras Minerals operates and the beliefs and assumptions of Arras Minerals' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 27, 2025. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
SOURCE: Arras Minerals Corp.
View the original press release on ACCESS Newswire