Search Minerals Inc. (SHCMF)

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Chico,Douginil; Search minerals warrent exercise.


Search Minerals Raises Over $1.1 Million From Accelerated Warrant Exercise
BY MT Newswires
— 8:22 AM ET 10/05/2021

08:22 AM EDT, 10/05/2021 (MT Newswires) -- Search Minerals ( SHCMF
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) said Tuesday that it has raised about $1.1 million through the exercise of over 11 million warrants.

The company's shares fell 3.2% in Canada yesterday.

Each warrant was exercisable into one common share at $0.10. There were about 1.5 million warrants unexercised and which will be cancelled.

Search Minerals' ( SHCMF
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) President and CEO Greg Andrews said the company will use the proceeds for general working capital to continue its "Sprint to Production."

The current exploration program is being funding from the company's roughly $2.5 million flow-through funding from March.

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