pcNewsWire – Sulliden Mining Capital Inc. (TSX: SMC) intends to close non-brokered private placement of up to 5,000,000 units at a price of $0.25 per unit for proceeds of up to $1,250,000.
Press Release
Sulliden Mining Capital Inc. Announces Private Placement
TORONTO, ONTARIO–(Marketwired – May 8, 2017) – Sulliden Mining Capital Inc. (TSX:SMC) announces a non-brokered private placement financing of up to 5,000,000 units at a price of $0.25 per unit for proceeds to the company of approximately $1,250,000. Each unit will be comprised of one common share and one share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of $0.35 at any time within the two years following closing.
Sulliden intends to use the proceeds for the advancement of the Trolius Gold project, further investment opportunities and general working capital purposes.
Closing is expected to occur on or before May 22, 2017, and is subject to the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange. The securities issued on the financing will be subject to resale restrictions for a period of four months plus one day from the closing date.
About Sulliden Mining Capital
Sulliden Mining Capital is a venture capital company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas.
Sulliden Mining Capital Inc.
On behalf of the Board
“Justin Reid”
President & Chief Executive Officer
Contact Information
Caroline Arsenault
Investor Relations Manager
+1 (416) 861-5805
