An anonymous director reports
STORM SETTLES OUTSTANDING DEBT
Storm Exploration Inc. intends to issue an aggregate of 7,039,742 common shares at five cents per share in settlement of an aggregate of $351,987.10 in outstanding debt, including accrued management fees owing to a company controlled by a director and officer of the company, and accrued management fees to an officer of the company.
The proposed debt settlement remains subject to the approval of the TSX Venture Exchange. All shares issued under the proposed debt settlement will be subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws.
About Storm Exploration Inc.
Storm Exploration 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 Northwestern Ontario: Miminiska, Keezhik, Attwood and Gold Standard.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.