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Storm Exploration Updates on Option Payment and Board Changes

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Storm Exploration Updates on Option Payment and Board Changes

Elevate Your Investing Strategy:

Storm Exploration ( (TSE:STRM) ) has provided an announcement.

Storm Exploration Inc. has issued 6,239,385 common shares to Landore Resources Canada Inc. as part of an option agreement for acquiring a 100% interest in the Miminiska and Keezhik properties. This transaction results in Landore holding approximately 15.8% of Storm’s outstanding shares. Additionally, Michael Sweatman has resigned from the Board of Directors, prompting a search for a new independent director.

More about Storm Exploration

Storm Exploration Inc. is a Canadian mineral exploration company focused on discovering and developing economic precious and base metal deposits across four district-scale projects in northwest Ontario, including Miminiska, Keezhik, Attwood, and Gold Standard.

Average Trading Volume: 133,622

Technical Sentiment Signal: Buy

Current Market Cap: C$4.97M

Find detailed analytics on STRM stock on TipRanks’ Stock Analysis page.

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