01:27 PM EDT, 03/14/2024 (MT Newswires) -- Up 25% Storm Exploration Inc. ( CWVWF ) announced Thursday that it will conduct a non-brokered private placement, subject to the approval of the TSX Venture Exchange, for aggregate gross proceeds of up to $300,000.

The offering will consist of units at a price of $0.05 per Unit. Each Unit will consist of one common share of the company and one-half warrant, each whole Warrant entitling the holder thereof to acquire an additional common share of the company at an exercise price of $0.075 per Warrant Share for a period of 36 months from the date of issuance.

The offering is not subject to a minimum amount and the maximum gross proceeds of the offering is $300,000. Under the offering, a maximum of 6 million common shares of the company and 3 million Warrants will be issuable under the Units. The gross proceeds of the Offering will be used for general working capital purposes.

Storm Exploration Inc. ( CWVWF ) is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.

Price: 0.05, Change: +0.01, Percent Change: +25.00