Capital Structure - Strike Copper CorpStrike Copper Corp. (“SCC”) is a junior mineral exploration company currently focused on defining and monetizing the resource potential of its Sungold property in the prolific Shebandowan Greenstone Belt in Northwestern Ontario.
https://strikecopper.com/investors/capital-structure.feed2024-03-16T00:37:59+00:00Strike Copper CorpCapital Structure2021-08-19T21:03:38+00:002021-08-19T21:03:38+00:00https://strikecopper.com/investors/capital-structure/40-capital-structure.htmlDeveloper SM<p class="p1">SCC’ share structure has been designed to incentivize the founders and management to grow the company's assets through development and expansion over the medium to long term.</p>
<table class="table-pages">
<tbody>
<tr><th>Capital Structure as at June 30, 2021</th><th>SHARES</th></tr>
<tr>
<td><strong>Common Shares Outstanding</strong></td>
<td> 16,245,000</td>
</tr>
<tr>
<td><strong>Warrants Outstanding<sup>1</sup></strong></td>
<td> 4,245,000</td>
</tr>
<tr>
<td><strong>Shares Fully Diluted</strong></td>
<td> 20,490,000</td>
</tr>
<tr>
<td><strong>Term Debt</strong></td>
<td>Nil </td>
</tr>
<tr>
<td><strong>Cash Raised to Date</strong></td>
<td> $534,000</td>
</tr>
</tbody>
</table>
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<p>NOTES</p><div class="notes">
<ol>
<li class="p1">Shares to Founders were issued in exchange for SCC’s flagship Sungold property.</li>
<li class="p1">Shares issued to institutional investors include 1,000,000 shares @ $.10 and 1,000,000 shares at $.20.</li>
<li class="p1">Shares issued to retail investors includes 300,000 shares @ $.033 (issued for the conversion of debt) and 2,245,000 shares @ $.10.</li>
<li class="p1">All outstanding warrants are subject to acceleration should SCC’s Common Shares trade on an exchange for five (5) or more consecutive days at a price of $0.40 or greater.<span class="Apple-converted-space"> </span>In such event, SCC may, at its option, provide written notice to the holder requiring that the Warrants be exercised within 30 days of the date of the notice, failing which the Warrants shall immediately thereafter expire.</li>
</ol><p class="p1">SCC’ share structure has been designed to incentivize the founders and management to grow the company's assets through development and expansion over the medium to long term.</p>
<table class="table-pages">
<tbody>
<tr><th>Capital Structure as at June 30, 2021</th><th>SHARES</th></tr>
<tr>
<td><strong>Common Shares Outstanding</strong></td>
<td> 16,245,000</td>
</tr>
<tr>
<td><strong>Warrants Outstanding<sup>1</sup></strong></td>
<td> 4,245,000</td>
</tr>
<tr>
<td><strong>Shares Fully Diluted</strong></td>
<td> 20,490,000</td>
</tr>
<tr>
<td><strong>Term Debt</strong></td>
<td>Nil </td>
</tr>
<tr>
<td><strong>Cash Raised to Date</strong></td>
<td> $534,000</td>
</tr>
</tbody>
</table>
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<p>NOTES</p><div class="notes">
<ol>
<li class="p1">Shares to Founders were issued in exchange for SCC’s flagship Sungold property.</li>
<li class="p1">Shares issued to institutional investors include 1,000,000 shares @ $.10 and 1,000,000 shares at $.20.</li>
<li class="p1">Shares issued to retail investors includes 300,000 shares @ $.033 (issued for the conversion of debt) and 2,245,000 shares @ $.10.</li>
<li class="p1">All outstanding warrants are subject to acceleration should SCC’s Common Shares trade on an exchange for five (5) or more consecutive days at a price of $0.40 or greater.<span class="Apple-converted-space"> </span>In such event, SCC may, at its option, provide written notice to the holder requiring that the Warrants be exercised within 30 days of the date of the notice, failing which the Warrants shall immediately thereafter expire.</li>
</ol>