Granite Creek Copper Extends Warrant Expiry to 2023

Rhea-AI Summary

Granite Creek Copper Ltd. (OTCQB: GCXXF) announced approval from TSX Venture to extend the expiry date of certain warrants originally set to expire on January 16, 2022, to January 16, 2023. These warrants, part of a financing completed in January 2019, allow holders to purchase shares at an exercise price of $0.20. If shares trade at $0.30 or above for 10 consecutive days, the company may accelerate the expiry. The company is focused on its Carmacks project in Yukon, Canada.

Positive

• Warrant expiry extension provides additional time for fundraising opportunities.
• Warrants maintain a favorable exercise price of $0.20.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 13, 2022 / Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) ("Granite Creek" or the "Company") announces that the Company has received TSX Venture approval to extend the expiry date on certain warrants that were due to expire January 16, 2022 (the "Warrants"). The Warrants, originally issued as part of a financing completed in January 2019 (see news release dated January 16, 2019), will now have an expiry date of January 16, 2023. All other terms of the warrants stay the same: Each warrant entitles the holder to acquire one common share at an exercise price of $0.20. If the common shares close at $0.30 or higher for 10 consecutive trading days, the Company may accelerate expiry of some or all of the warrants to the 30th day after notice to warrant holders.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll-Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca
Twitter: @yukoncopper

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: Granite Creek Copper Ltd.

View source version on accesswire.com:
https://www.accesswire.com/683327/Granite-Creek-Copper-Extends-Warrant-Expiry-to-2023

FAQ

What are the new expiry dates for Granite Creek Copper's warrants?

The new expiry date for Granite Creek Copper's warrants is January 16, 2023.

What is the exercise price of Granite Creek Copper's warrants?

The exercise price of Granite Creek Copper's warrants is $0.20.

What happens if Granite Creek Copper's shares close at $0.30 or higher?

If shares close at $0.30 or higher for 10 consecutive trading days, Granite Creek Copper may accelerate the expiry of the warrants.

When were the original warrants issued by Granite Creek Copper?

The original warrants were issued as part of a financing completed in January 2019.

Where is the Carmacks project located?

The Carmacks project is located in the Minto copper district in Yukon, Canada.