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Sulliden Mining Capital Inc.
Sulliden Mining Capital Inc.
Registriert in: Kanada WKN: A119SA Rohstoffe:
Art: Originalaktie ISIN: CA8651251081 Gold
Heimatbörse: TSX Alternativ:
Währung: CAD    
Symbol: SMC.TO Forum:

Sulliden Mining Capital Inc. Announces Private Placement

08.05.2017 | 23:30 Uhr | Marketwired

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

Cautionary statement regarding forward-looking information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the proposed use of proceeds and the size of the financing. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.sulliden.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.



Contact

Caroline Arsenault
Investor Relations Manager
+1 (416) 861-5805

 
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