Stuhini Exploration closes first tranche of financing

Executive Summary

• Stuhini Exploration Ltd. closed the first tranche of its non‑brokered private placement, raising $260,000 in gross proceeds.
• The offering consisted of 2,166,332 units at $0.12 per unit, each unit containing one common share and half a warrant (full warrant exercisable at $0.18 per share until 22 Aug 2027).
• Net proceeds will be used to fund exploration on the flagship Ruby Creek project and for general corporate working capital.

Key Details

• Gross proceeds: $260,000 from issuance of 2,166,332 units at $0.12 each.
• Unit composition: 1 common share + ½ common share purchase warrant (full warrant exercisable at $0.18 per share, expiry 22 Aug 2027).
• Related‑party participation: Directors and officers purchased 184,000 units; transaction qualifies for exemption under MI 61‑101 sections 5.5(a) & 5.7(1)(a).
• Resale hold period: Securities subject to regulatory resale restriction until 23 Dec 2025.
• Finder’s fees paid: $4,672.80 to Research Capital and $1,800 to Canaccord Genuity Corp., representing ~6% of gross proceeds.
• Use of net proceeds:
• Support exploration and advancement of the Ruby Creek project (technical evaluation, groundwork, future drill targeting).
• Corporate initiatives and general working capital.
• Regulatory status: Private placement pending final approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes provided in the release.)