Storm Exploration Inc. Announces Debt Settlement

Storm Exploration Inc., a company listed on the TSX Venture Exchange, has announced its intention to issue 7,039,742 common shares valued at $0.05 each. This issuance will settle $351,987.10 in outstanding debt, including management fees owed to both an affiliated company and an officer of Storm Exploration.

The issuance of shares is subject to approval by the TSXV Venture Exchange. Once approved, all issued shares will be under a mandatory hold period of four months and one day, as required by Canadian securities laws.

Storm Exploration focuses on mineral exploration across four major projects in northwest Ontario. The settlement reflects the company’s strategy to manage its financial obligations effectively while continuing its exploration activities.