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Sokoman Minerals Seeks Regulatory Approval to Extend Warrants

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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has applied to the TSX Venture Exchange to extend the term of 26,946,423 warrants by 12 months. These warrants were originally issued through a Flow-Through Private Placement that closed in December 2023. Upon Exchange approval, 18,942,500 warrants will be extended to November 29, 2025, and 8,003,923 warrants to December 20, 2025. The exercise price remains at CAD$0.13 per warrant.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha presentato richiesta alla TSX Venture Exchange per estendere la durata di 26.946.423 warrants di 12 mesi. Questi warrants sono stati originariamente emessi attraverso un Private Placement a Flusso che si è concluso a dicembre 2023. Con l'approvazione dell'Exchange, 18.942.500 warrants saranno estesi fino al 29 novembre 2025 e 8.003.923 warrants fino al 20 dicembre 2025. Il prezzo di esercizio rimane a CAD$0,13 per warrant.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha solicitado a la TSX Venture Exchange extender el plazo de 26,946,423 warrants por 12 meses. Estos warrants fueron emitidos originalmente a través de una colocación privada de flujo que se cerró en diciembre de 2023. Con la aprobación de la bolsa, 18,942,500 warrants se extenderán hasta el 29 de noviembre de 2025 y 8,003,923 warrants hasta el 20 de diciembre de 2025. El precio de ejercicio se mantiene en CAD$0.13 por warrant.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF)은 TSX 벤처 거래소에 26,946,423개의 워런트의 유효 기간을 12개월 연장해 줄 것을 신청했습니다. 이 워런트는 2023년 12월에 마감된 흐름을 통한 사모 투자로 처음 발행되었습니다. 거래소의 승인 후 18,942,500개의 워런트는 2025년 11월 29일까지 연장되며, 8,003,923개의 워런트는 2025년 12월 20일까지 연장됩니다. 행사가격은 CAD$0.13로 유지됩니다.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) a demandé à la TSX Venture Exchange de prolonger le terme de 26.946.423 warrants de 12 mois. Ces warrants ont été émis à l'origine par le biais d'un placement privé à flux qui a été clôturé en décembre 2023. Avec l'approbation de l'Exchange, 18.942.500 warrants seront prolongés jusqu'au 29 novembre 2025 et 8.003.923 warrants jusqu'au 20 décembre 2025. Le prix d'exercice reste à CAD$0,13 par warrant.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) hat bei der TSX Venture Exchange beantragt, die Laufzeit von 26.946.423 Warrants um 12 Monate zu verlängern. Diese Warrants wurden ursprünglich im Rahmen einer Flow-Through-Privatplatzierung ausgegeben, die im Dezember 2023 abgeschlossen wurde. Nach Genehmigung durch die Börse werden 18.942.500 Warrants bis zum 29. November 2025 und 8.003.923 Warrants bis zum 20. Dezember 2025 verlängert. Der Ausübungspreis bleibt bei CAD$0,13 pro Warrant.

Positive
  • None.
Negative
  • Warrant extension request could indicate challenges in raising capital at current market conditions
  • Potential dilution risk for existing shareholders if warrants are exercised

ST. JOHN'S, NL / ACCESSWIRE / November 7, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") has submitted an application to the TSX Venture Exchange (the "Exchange") seeking approval to extend the term of 26,946,423 warrants for 12 months. The warrants were issued pursuant to the Company's Flow-Through Private Placement, which closed in December 2023. On receipt of Exchange approval, 18,942,500 warrants will be extended to November 29, 2025, and 8,003,923 warrants will be extended to December 20, 2025. The warrants' exercise price of CAD$0.13 remains unchanged.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement please refer to the Company's press release dated October 11, 2023.

Projects optioned with optionee fully vested:

  • East Alder Project optioned to Canterra Minerals Inc (SIC retains 850,000 shares of CTM plus 1% NSR)

  • Startrek Project optioned to Thunder Gold (SIC retains 1,750,000 shares of TGOL plus 1% NSR)

For more information, please contact:

Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
E: tim@sokomanmineralscorp.com

Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
E: cathy@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp

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.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.

SOURCE: Sokoman Minerals Corp.



View the original press release on accesswire.com

FAQ

How many warrants is Sokoman Minerals (SICNF) seeking to extend?

Sokoman Minerals is seeking to extend 26,946,423 warrants, with 18,942,500 warrants to be extended to November 29, 2025, and 8,003,923 warrants to December 20, 2025.

What is the exercise price for Sokoman Minerals' (SICNF) extended warrants?

The exercise price for the warrants remains unchanged at CAD$0.13.

When were the original warrants issued by Sokoman Minerals (SICNF)?

The warrants were originally issued through a Flow-Through Private Placement that closed in December 2023.

SOKOMAN MINERALS CORP

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