Eagle Plains Announces Conditional Approval of Warrant Expiry Extension

Eagle Plains Resources Ltd. (TSXV:EPL) has received conditional approval from the TSX Venture Exchange to amend the term of 3,785,529 outstanding common share purchase warrants. These warrants, initially issued in a non-brokered private placement in July 2022, currently expire on July 11th, 2024.

The share purchase warrants are subject to an accelerated expiry if the company's common shares trade at or above $0.50 for any 20 consecutive trading days. In such a case, holders may be notified that the warrants will expire 30 days following the notice date. Warrants may be exercised during this 30-day notice period.

Eagle Plains has applied to extend the expiry date by 12 months to July 11th, 2025. The exercise price and acceleration clause will remain unchanged at $0.25 per warrant.