Stearman Resources Inc. Announces Acceleration of Warrant Expiry Date
14.08.2025 | The Newswire
Stearman Resources Inc. (CSE:STMN) (“Stearman” or the “Company”) announces the acceleration of the expiry dates of the 6 million share purchase warrants issued in January 2023 (the “2023 Warrants”), which in September 2024 were amended to reduce the exercise price of the warrants and extend the expiry date to September 30, 2025 (see news release dated September 10, 2024).Pursuant to CSE policies, the 2023 Warrants are subject to an acceleration provision (the “Acceleration Provision”) whereby if for any 10 consecutive trading days, the closing price of the Company’s Shares exceeds $0.075, then the 2023 Warrants will expire at 5:00pm (Vancouver time) on the date that is 37 days from the end of the 10-day period (the “Accelerated Expiry Time”). In such instances, all such warrants that are not exercised prior to the Accelerated Expiry Time will expire at the Accelerated Expiry Time. This condition was met on August 13, 2025.
As a result, the expiry date of the 2023 Warrants has now been accelerated to September 20, 2025.
In order to exercise the 2023 Warrants, holders must complete and submit a Notice of Exercise in the form attached to their warrant certificate, together with the exercise payment, on or before 5:00pm (Vancouver time) on September 20, 2025. Unexercised 2023 Warrants will expire after that time.
About Stearman
The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company currently owns a 100% interest in the NeoCore Uranium Property consisting of 6 mineral claims covering 13,012 hectares, located in the Athabasca Basin in northern Saskatchewan. The Company further holds an option for up to a 70% interest in the Murphy Lake uranium property, consisting of 609 hectares also located in the Athabasca Basin in northern Saskatchewan. The option on the Miniac Property in Quebec consisting of 78 claims over 4,110 hectares, has been terminated.
Contact:
Stearman Resources Inc.
Howard Milne, CEO
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994
Website: www.stearmanresources.com
Forward Looking Statements: This press release may contain “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.