Stuhini Exploration Ltd. announced that it has received CAD 1.974436 million in funding from Sprott Asset Management LP
The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 48 placees including total pro group involvement of three placees for 1,155,723 common shares and 577,861 warrants and total existing insider involvement for two placees for 71,100 common shares and 35,500 warrants for flow-through units and 29 placees including total pro group involvement of one placee for 25,000 common shares and 12,500 warrants and total existing insider involvement for one placee for 100,000 common shares and 50,000 warrants for non flow through units. The company paid agents' fees of CAD 54,964.55 cash and 26,143 warrants for flow-through units and CAD 6,840 cash and 17,100 warrants for non-flow through units. Each finder's warrant entitles the holder to purchase one common share at the price of CAD 0.50 for period of two years from the date of issuance.