Eskay Mining: Announces Acceleration of 2018 Warrant Expiry Date to September 23, 2020
TORONTO, ON / ACCESSWIRE / August 24, 2020 / Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK)(OTCQB:ESKYF)(Frankfurt:KN7) (WKN: A0YDPM) wishes to announce that, further to its Press Release dated May 15, 2020 announcing the extension of the expiry dates of the warrants issued pursuant to the June 2018 private placement (the “2018 Warrants”), the expiry date of the remaining 1,142,000 2018 Warrants exercisable at $0.40 per share has been accelerated as a result of the fact that the Company’s common shares have closed at a price of at least $0.60 for ten (10) consecutive trading days as of August 21, 2020. The remaining 2018 Warrants will expire if they are not exercised by September 23, 2020.
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I like this stock and would like to buy some but 70mil usd market cap is very rich for no drill results. Lots of targets, quinton hennigh is on board, etc… I get it but it is expensive compared to others in similar position ie. condor resources or eloro.
Canadian plays tend to be valued higher by the market since they are often tier 1 jurisdictions. ESK feels pricey but not sure if it is given that one Eskay Creek type deposit would be worth billions and they have confirmed multiple VMS systems within the district scale land package.