pcNewsWire – Sulliden Mining Capital Inc. (TSX: SMC) has completed previously announced non-brokered private placement financing of 4,600,000 units at $0.25 per unit for gross proceeds of $1,150,000.
Proceeds will be used for the advancement of the Trolius Gold project, further investment opportunities and general working capital purposes.
Sulliden Mining Capital Inc. Closes Private Placement
TORONTO, ONTARIO–(Marketwired – May 17, 2017) –
NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES
Sulliden Mining Capital Inc. (TSX:SMC) has closed its non-brokered private placement financing for gross proceeds of $1,150,000 through the sale of 4,600,000 units at $0.25 per unit. Each unit is comprised of one common share and one share purchase warrant, which is exercisable at $0.35 for a period of two years.
Sulliden intends to use the proceeds for the advancement of the Trolius Gold project, further investment opportunities and general working capital purposes.
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, Chief Executive Officer
Investor Relations Manager
+1 (416) 861-5805