Gungnir Extends Warrant Expiry Dates

Rhea-AI Summary

Gungnir Resources Inc. (GUG:TSX-V, ASWRF:OTCPK) plans to extend the expiry dates of 15,330,667 outstanding warrants, issued in 2020 and 2021, by one year, subject to TSX Venture Exchange approval. The warrants were issued in connection with private placements of units consisting of common shares and warrants of the Company.

SURREY, BC / ACCESSWIRE / July 28, 2023 / Gungnir Resources Inc. (GUG:TSX-V, ASWRF:OTCPK) ("Gungnir" or the "Company") is pleased to announce that it intends to extend, subject to the approval of the TSX Venture Exchange, the expiry dates of an aggregate of 15,330,667 outstanding warrants as detailed below. The subject warrants were originally issued on September 24, 2020 and October 1, 2020, with an original expiry date of three years after the applicable issue date, and September 10, 2021, with an original expiry date of two years after the issue date. The warrants were issued in connection with private placements of units consisting of common shares and warrants of the Company. The new expiry dates provide a one-year extension on the warrants from their original expiry dates. These warrants continue to be exercisable at their original exercise price.

	Exercise Price		Original Expiry Date		Amended Expiry Date
	$0.09		September 24, 2023		September 24, 2024
	$0.09		October 1, 2023		October 1, 2024
	$0.08		September 10, 2023		September 10, 2024

About Gungnir Resources

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG:TSX-V, ASWRF:OTCPK) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and further discovery. The Company has also recently added the Hemberget property to its Swedish property portfolio, a greenfield copper-nickel target, which based on SGU (Swedish Geological Survey) maps covers an 11 km-long gabbro-ultramafic intrusion dated at 1.86 Ga. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.

On behalf of the Board,
Jari Paakki, CEO and Director

For further information contact:

Head Office/Investor Relations Phone: +1-604-683-0484
Email: corporatecommunications@gungnirresources.com

Jari Paakki, CEO
Email: jpaakki@eastlink.ca

Chris Robbins, CFO
Email: robbinscr@shaw.ca

Neither the TSX VentureExchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacyor accuracy of this release.

SOURCE: Gungnir Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/770925/Gungnir-Extends-Warrant-Expiry-Dates

FAQ

What is Gungnir Resources Inc.'s (GUG:TSX-V, ASWRF:OTCPK) plan regarding the outstanding warrants?

Gungnir Resources Inc. (GUG:TSX-V, ASWRF:OTCPK) plans to extend the expiry dates of 15,330,667 outstanding warrants by one year, subject to TSX Venture Exchange approval.

When were the warrants originally issued?

The warrants were originally issued on September 24, 2020 and October 1, 2020, with an original expiry date of three years after the applicable issue date, and September 10, 2021, with an original expiry date of two years after the issue date.

What is the exercise price of the warrants?

The exercise prices are $0.09 and $0.08 for the warrants.

What is the new expiry date for the warrants?

The new expiry dates provide a one-year extension on the warrants from their original expiry dates, with amended expiry dates of September 24, 2024, October 1, 2024, and September 10, 2024.

How many warrants are being extended?

An aggregate of 15,330,667 outstanding warrants are being extended.