Inomin To Extend Warrants

Inomin To Extend Warrants

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces that it intends to extend the term of an aggregate of 1,048,000 common share purchase warrants (the "Warrants") issued as part of the Company's private placements that closed on August 25, 2021 and September 24, 2021. The Warrants are exercisable at a price of $0.15 and currently expire on August 25, 2023 and September 24, 2023.

Subject to the approval of the TSX Venture Exchange, the term of the Warrants will be extended to August 25, 2025. All other terms of the Warrants will remain the same.

About Inomin Mines

Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc.
Per: "John Gomez"
President and CEO

For more information please contact:

John Gomez
Tel. 604-643-1280
info@inominmines.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the proposed extension of the Warrants.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and that the Exchange will not approve the extension of the Warrants.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive approval from the Exchange to extend the Warrants.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176723

News Provided by Newsfile via QuoteMedia

MINE:CA
The Conversation (0)
Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Ring Zone Drilling Intersects 22% Magnesium and 0.18% Nickel Over 112 Metres Just 20 Metres from Surface

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to report that drilling at the South and Ring Zones of the Beaver-Lynx critical minerals project, continues to intersect high-grade magnesium and nickel over long intersections. South Zone drill-hole B23-03, located 100 metres north of hole B23-02, intersected 23% magnesium with 0.19% nickel over 179.2 metres (m), the longest intersection from drilling in the South Zone to date. Drill hole B23-04, testing the eastern portion of the Ring Zone 2.3 kilometres northeast, intersected 22.3% magnesium with 0.18% nickel over 112.2 metres, with mineralization beginning at bedrock surface.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Initial South Zone Drilling Demonstrates Large Tonnage Potential of Beaver-Lynx Critical Minerals Discovery

US Department of Energy Classifies Magnesium Among the Most Critical Commodities

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce drilling is underway at the Beaver-Lynx property located between the Gibraltar and Mount Polley mines in the Cariboo region of south-central British Columbia.

Drilling at the Beaver property is currently targeting the South zone located approximately 3 km south-west of Inomin's previous drilling discoveries. The objective of the program is to drill test the South zone's potential for significant magnesium and nickel-cobalt-chromium mineralization.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Closes Oversubscribed Private Placement

Inomin Closes Oversubscribed Private Placement

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce it has closed an oversubscribed non-brokered private placement (the "Private Placement"). Further to announcements dated May 2 and May 4, 2023, the Company has completed the issuance of 3,992,142 units (each, a "Unit") at a price of $0.07 per Unit and 3,275,000 flow-through units (each, a "FT Unit") at a price of $0.10 per FT Unit for gross proceeds of $606,950.

Each Unit consists of one common share in the capital of the Company (a "Share") and one Share purchase warrant of the Company (each, a "NFT Warrant"). Each NFT Warrant is exercisable by the holder to acquire one Share for a period of 36 months from the date of closing of the Private Placement at a price of C$0.13 per Share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Announces Repricing of Private Placement

Inomin Announces Repricing of Private Placement

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces that it has repriced its previously announced non-brokered private placement of units for gross proceeds of up to $600,000 (the "Offering"). The Offering will be comprised of a combination of non-flow-through units (the "NFT Units") and flow-through units (the "FT Units").

The NFT Units have been repriced from $0.075 to $0.07 per NFT Unit. Each NFT Unit will be comprised of one common share of the Company (each, a "Share") and one Share purchase warrant (a "NFT Warrant"). The new terms of each NFT Warrant entitle the holder thereof to acquire one Share of the Company at a price of $0.13 for a period of 36 months from the closing date of the Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - CYG

Canadian Investment Regulatory Organization Trade Resumption - CYG

Trading resumes in:

Company: Cygnus Metals Limited

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Heritage Mining Provides Corporate Update

Heritage Mining Provides Corporate Update

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Cygnus raises $18.3m to accelerate resource growth and mining studies

Cygnus raises $18.3m to accelerate resource growth and mining studies

-

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the start of the 2025 exploration programs for its PIL and ATTY Properties within the Toodoggone Mining District of Northern British Columbia .  These programs are fully funded under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"). Under these agreements, Freeport can earn up to an 80% interest in each property by investing $35 million in exploration expenditures and making cash payments of $4.1 million over a period of six years. ( Reference #1 ).

The exploration programs at PIL and ATTY are designed to best outline and prioritize as many targets as possible for drill testing in 2026. The 2025 programs at both PIL and ATTY will consist of the following activities with Finlay acting as Operator:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×