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Gungnir Extends Warrant Expiry Dates

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Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) has announced its intention to extend the expiry dates of 15,330,667 outstanding warrants, subject to TSX Venture Exchange approval. These warrants, originally issued in September and October 2020 with three-year expiry dates, and in September 2021 with a two-year expiry date, were part of private placements of units consisting of common shares and warrants. The company had previously extended these warrants by one year and is now seeking a further one-year extension from their current expiry dates. The warrants will maintain their original exercise prices of $0.09 and $0.08.

Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) ha annunciato la sua intenzione di estendere le date di scadenza di 15.330.667 warrant in circolazione, soggetto all'approvazione della Borsa TSX Venture. Questi warrant, originariamente emessi a settembre e ottobre 2020 con scadenze di tre anni, e a settembre 2021 con una scadenza di due anni, facevano parte di collocamenti privati di unità costituite da azioni ordinarie e warrant. L'azienda aveva precedentemente esteso questi warrant di un anno e ora sta cercando un ulteriore prolungamento di un anno dalle attuali date di scadenza. I warrant manterranno i loro prezzi di esercizio originali di $0,09 e $0,08.

Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) ha anunciado su intención de extender las fechas de vencimiento de 15.330.667 warrants pendientes, sujeto a la aprobación de la Bolsa de Valores TSX Venture. Estos warrants, emitidos originalmente en septiembre y octubre de 2020 con fechas de vencimiento de tres años, y en septiembre de 2021 con una fecha de vencimiento de dos años, formaban parte de colocaciones privadas de unidades compuestas por acciones ordinarias y warrants. La compañía había extendido previamente estos warrants por un año y ahora busca una extensión adicional de un año a partir de sus fechas de vencimiento actuales. Los warrants mantendrán sus precios de ejercicio originales de $0,09 y $0,08.

Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK)는 15,330,667개의 미결 제무증권의 만료일 연장 의사를 발표했으며, 이는 TSX Venture Exchange의 승인을 받는 조건입니다. 이 제무증권은 2020년 9월과 10월에 원래 발행되었고, 3년 만기와 2021년 9월에 2년 만기로 발행된 것입니다. 이들은 보통주와 제무증권으로 구성된 사모투자의 일부였습니다. 회사는 이전에 이 제무증권의 만기를 1년 연장했으며, 현재 만기일로부터 추가 1년 연장을 요청하고 있습니다. 제무증권은 원래의 행사 가격인 $0.09 및 $0.08를 유지합니다.

Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) a annoncé son intention de prolonger les dates d'expiration de 15.330.667 bons de souscription en circulation, sous réserve de l'approbation de la Bourse TSX Venture. Ces bons, émis à l'origine en septembre et octobre 2020 avec des dates d'expiration de trois ans, et en septembre 2021 avec une date d'expiration de deux ans, faisaient partie d'émissions privées d'unités composées d'actions ordinaires et de bons de souscription. L'entreprise avait déjà prolongé ces bons d'un an et recherche maintenant une nouvelle prolongation d'un an à partir de leurs dates d'expiration actuelles. Les bons conserveront leurs prix d'exercice d'origine de $0,09 et $0,08.

Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) hat seine Absicht bekannt gegeben, die Ablaufdaten von 15.330.667 ausstehenden Warrants zu verlängern, vorbehaltlich der Genehmigung der TSX Venture Exchange. Diese Warrants wurden ursprünglich im September und Oktober 2020 mit einer Ablaufzeit von drei Jahren sowie im September 2021 mit einer Ablaufzeit von zwei Jahren ausgegeben und waren Teil von Privatplatzierungen von Einheiten, die aus Stammaktien und Warrants bestehen. Das Unternehmen hatte diese Warrants bereits um ein Jahr verlängert und strebt nun eine weitere Verlängerung um ein Jahr von den aktuellen Ablaufdaten an. Die Warrants behalten ihre ursprünglichen Ausübungspreise von $0,09 und $0,08.

Positive
  • Extension of warrant expiry dates provides more time for potential exercise
  • Maintenance of original exercise prices at $0.09 and $0.08
Negative
  • Potential dilution if all warrants are exercised

SURREY, BC / ACCESSWIRE / August 27, 2024 / 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 Company previously extended the expiry dates of the subject warrants by one year, and the new expiry dates will provide a further one-year extension of the warrants from their current 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, 2025

$0.09

October 1, 2023

October 1, 2025

$0.08

September 10, 2023

September 10, 2025

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-Hemberget project which hosts a developing intrusion-hosted gold system, VMS-style mineralization, and copper-nickel targets. Currently, the Company is focused on its newly discovered gold target at Hemberget. 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 Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Gungnir Resources Inc.



View the original press release on accesswire.com

FAQ

How many warrants is Gungnir Resources (ASWRF) extending?

Gungnir Resources is extending the expiry dates of 15,330,667 outstanding warrants.

What are the new expiry dates for Gungnir Resources' (ASWRF) warrants?

The new expiry dates will be September 24, 2025, October 1, 2025, and September 10, 2025, depending on the original issue date of the warrants.

What are the exercise prices for Gungnir Resources' (ASWRF) extended warrants?

The exercise prices remain unchanged at $0.09 for warrants issued in September and October 2020, and $0.08 for warrants issued in September 2021.

When were the warrants originally issued by Gungnir Resources (ASWRF)?

The warrants were originally issued on September 24, 2020, October 1, 2020, and September 10, 2021.

GUNGNIR RESOURCES INC

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