STXPF - Stuhini Exploration launches up to $1.5M non-brokered private placement

• Stuhini Exploration ( OTC:STXPF ) is launching up to $1.5M non-brokered private placement, with Sprott Asset Management LP having agreed to purchase $495K of the placement.
• The placement will consist of flow-through units, of $0.45 per unit, and non-flow through units, of $0.40 per unit.
• Each flow through unit will consist of one flow-through common share and one half of one common share purchase warrant.
• Each non-flow through unit will consist of one common share and one half of one non-flow through common share purchase warrant.
• The aggregate gross proceeds from the flow through unit offering will be used to incur the Canadian exploration expenses, while the gross proceeds from the non-flow through unit offering will be used to fund exploration programs on the company's other mineral properties.
• The private placement, subject to certain conditions, may close in multiple tranches.
• Source: Press Release

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