Sun Summit Minerals Corp. ($smn) is excited to announce that the TSX Venture Exchange (the "TSXV") has approved the listing of up to 102,583,760 common share purchase warrants (the "Warrants") for trading. The Warrants are set to begin trading on the TSXV at the market open on February 27, 2026, under the trading symbol "SMN.WT".
These Warrants were issued as part of a non-brokered private placement that closed on May 30, 2025. During this placement, the Company issued: (i) 40,868,432 charity flow-through units ("Charity FT Units") at a price of $0.105 per unit; (ii) 33,832,770 flow-through units ("FT Units") at $0.075 per unit; and (iii) 47,338,602 non-flow-through units ("NFT Units") at $0.07 per unit, generating total gross proceeds of $10,142,345, which includes a partial exercise of the over-allotment option. For more details on the private placement, please refer to the Company's news release dated June 2, 2025, available on the Company's SEDAR+ profile at www.sedarplus.ca.
Each Warrant allows the holder to purchase one common share at a price of $0.11 until May 30, 2027. The terms of the Warrants are outlined in a Warrant Indenture dated February 26, 2026, between the Company and Computershare Trust Company of Canada, serving as the Warrant Agent. A copy of the Warrant Indenture can also be found on the Company's SEDAR+ profile.
No action is required from Warrant holders due to this listing. DRS statements will be issued by the Warrant Agent to represent the re-issued Warrants, which will carry the CUSIP of the listed Warrants. These may be deposited with the holder's broker for trading purposes on the TSXV. Holders wishing to exercise their Warrants can do so at any time before expiry, by submitting a completed exercise notice along with payment to the Warrant Agent. The exercise notice is available upon request from the Warrant Agent or the Warrant Indenture.
Sun Summit Minerals Corp. focuses on exploring and advancing large-scale gold and copper assets in British Columbia, including the JD and Theory projects in the Toodoggone region and the Buck Project in central B.C. For more information, visit www.sunsummitminerals.com.
For further inquiries, please contact Matthew Benedetto at Simone Capital via email at mbenedetto@simonecapital.ca or by phone at 416-817-1226.
This news release contains forward-looking information as defined by Canadian securities legislation, based on management's current expectations and assumptions. Sun Summit cannot assure shareholders that actual results will align with these expectations due to potential unforeseen factors.