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STH Sitka Health

142.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sitka Health LSE:STH London Ordinary Share GB0030199391 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 142.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 142.00 GBX

Sitka Health Fund Vct (STH) Latest News

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Date Time Title Posts
27/12/202322:09Stelmine Canada (TSXV)3

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Posted at 27/12/2023 22:09 by stu31
Stelmine completes second tranche of $175,000 of a private placement

Quebec, December 20, 2023- Stelmine Canada (“StelmineR21; or the “Company”;) (TSXV: STH) is pleased to announce that it has completed a second tranche of a non-brokered private placement ("Offering") of flowthrough units ("FT Units") previously announced on December 12, 2023 for gross proceeds of $175,000.
The Company issued a total of 2,058,824 FT Units at a price of $0.085 per FT Unit. Each FT Unit consisted of one common share of the Company to be issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec) (each, a “FT Share”) and
one-half of a non-flow-through common share purchase warrant (each whole warrant, a “Warrant”;). Each Warrant will entitle the holder to acquire one additional common share at a price of $0.14 per common share until December 20, 2025.
In connection with this second tranche of the offering, the Company paid finder's fees of $12,250 in cash and issued 144,117 finder's warrants. Each finder's warrant entitles its holder to acquire one common share of the Company at a price of $0.10 per share until December 20, 2025.
All securities issued in connection with this Offering are subject to a hold period of four months ending on April 21, 2024 in accordance with applicable securities laws. The Offering is subject to the approval of the TSX Venture Exchange. Stelmine has not filed a material change report in the 21 days preceding the Offering other than in relation to the Offering.
The proceeds of this Offering will be used for exploration work currently on the properties. The proceeds of the flow-through placement will be used by the Corporation to incur Canadian exploration expenses on the Corporation’s properties located in the Province of Quebec and such exploration expenses will be fully incurred on or before December 31, 2024 in accordance with the Corporation’s undertakings to the subscribers of this private Offering.

About Stelmine Canada
Stelmine is a junior mining company engaged in the development of the new Caniapiscau gold district (east of James Bay), in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context features similarities with the Éléonore mine, which is located very close to the contact with the same
basin. Stelmine owns 100% of the 1,784 claims or 917 km² in this part of northern Québec, highlighted by the Mercator and Courcy projects.
Posted at 18/3/2022 21:35 by stu31
Stelmine Completes $2.5 Million Private Placement and Announces Strategic Investment by Michael Gentile, CFA
Quebec City, December 9, 2021– Stelmine Canada (TSXV: STH) (“StelmineR21; or the “Company”;) is pleased to announce that it has closed a non-brokered private placement (“OfferingR21;) of flow-through units (the “FT Units”) for gross proceeds of $2,500,000.
In conjunction with the offering, Michael Gentile has acquired 5,785,500 units of the Company with each unit comprising one common share of Stelmine and one-half of a common share purchase warrant representing approximately 9.9% of the issued and outstanding common shares of the Company on a partially diluted basis assuming full exercise of his warrants.
Stelmine CEO Ms. Isabelle Proulx commented: “We are very excited to welcome Michael Gentile as a major new investor. Michael's support comes at a pivotal time for the Company as we build out the Stelmine team in anticipation of initial results and more drilling at Courcy followed by maiden drilling at our very promising Mercator Project. Michael’s confidence supports our strong belief that we’re on track to prove the viability of a new gold district in Quebec.”
Michael Gentile, CFA
Mr. Gentile who has an extensive institutional money management background is an active and strategic investor in the junior mining sector owning significant stakes in over 20 small cap exploration companies.
Michael is currently a strategic advisor to Arizona Metals (AMC-V) and a director of Northern Superior Resources (SUP-V), Roscan Gold (ROS-V), Radisson Mining Resources (RDS-V) and Solstice Gold (SGC-V).
Flow-Through Private Placement Details
The Company issued a total of 10,638,297 FT Units at a price of $0.235 per FT Unit. Each FT Unit consisted of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one-half of a non-flow-through common share purchase warrant (each whole warrant, a “Warrant”;). Each Warrant will entitle the holder to acquire one additional common share at a price of $0.30 per common share until December 9, 2024.
The Company intends to use the net proceeds of the Offering for continued exploration at Courcy and Mercator, specifically to incur “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada).
Sitka Health Fund Vct share price data is direct from the London Stock Exchange

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