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Storm Exploration ( (TSE:STRM) ) has provided an announcement.
Storm Exploration Inc. has announced the issuance of 2,092,686 common shares to Landore Resources Canada Inc. as part of an option agreement for the Miminiska and Keezhik properties. The company plans to issue an additional 6,239,385 shares upon receiving approval from the TSX Venture Exchange, which will result in the Optionor holding approximately 17.4% of Storm’s outstanding shares. This move is part of Storm’s strategy to acquire a 100% interest in the properties, potentially strengthening its position in the mineral exploration industry.
More about Storm Exploration
Storm Exploration Inc. is a Canadian mineral exploration company focused on discovering and developing economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood, and Gold Standard.
Average Trading Volume: 34,047
Technical Sentiment Signal: Hold
Current Market Cap: $2.65M
For an in-depth examination of STRM stock, go to TipRanks’ Stock Analysis page.