Storm Exploration Completes $310,500 Private Placement

Storm Exploration Inc., based in Vancouver, has successfully closed its non-brokered private placement, raising $310,500. This financing, initially announced on March 14, 2024, involves the issuance of 6,210,000 units at $0.05 each. Each unit includes a common share and a half warrant, with each full warrant allowing the purchase of an additional share at $0.075 within 36 months.

The offering has attracted significant internal interest, seeing participation from company officers and directors who subscribed for 1,300,000 units totaling $65,000.

Additionally, the company has compensated finders with $10,740 and issued 214,800 Finder's Warrants as part of the transaction fee for their role in introducing subscribers. All securities issued are subject to a four-month hold period as mandated by Canadian securities laws.

The funds raised will be directed towards general working capital needs. The involvement of related parties in the transaction was noted, with necessary exemptions applied as per regulatory guidelines.