The Prospector News

Sulliden Mining Capital Inc. Closes Fully Subscribed Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sulliden Mining Capital Inc. Closes Fully Subscribed Private Placement

 

 

 

 

 

Sulliden Mining Capital Inc. (TSX: SMC) is pleased to announce it has closed its non-brokered private placement financing of 22,222,219 units of the Company at a price of $0.135 per Unit for gross proceeds to the Company of $3,000,000. For more information on the Offering, please see the Company’s press release dated October 13, 2021, which is available under the Company’s profile on SEDAR at www.sedar.com.

 

Pursuant to the Offering, Sulliden issued 22,222,219 units of the Company at a price of $0.135 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.25 for a period of five years following the closing date of the Offering. All securities issued are subject to a statutory hold period of four months and one day, expiring on April 4, 2022. No finder’s fees were paid in connection with the Offering. Completion of the Offering is subject to receipt of final approval of the Toronto Stock Exchange.

 

At the Annual and Special Meeting of Shareholders of the Company held on November 26, 2021, Sulliden shareholders approved the Offering, being a private placement of the Company’s securities in excess of 25% of its outstanding securities, as further described in the Management Information Circular dated October 28, 2021.

 

The Company intends to use the net proceeds from the issuance for the advancement of its East Sullivan mining project and for general working capital purposes.

 

About Sulliden

 

Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas.

 

Posted December 6, 2021

Share this news article

MORE or "UNCATEGORIZED"


HECLA ACQUIRES ALEXCO RESOURCE

America’s largest and highest-grade silver producer adding ... READ MORE

July 5, 2022

ALPHAMIN ANNOUNCES RECORD QUARTERLY TIN PRODUCTION/ Q2 2022 EBITDA GUIDANCE OF US$66.5m/ DIVIDEND DECLARED

Alphamin Resources Corp. (TSX-V:AFM) (JSE AltX:APH) a producer of... READ MORE

July 5, 2022

Golden Shield Closes C$6.3M Private Placement

Golden Shield Resources Corp. (CSE: GSRI) (Frankfurt: 4LE0) is pl... READ MORE

July 5, 2022

Argonaut Gold Closes Previously Announced C$195,300,000 Equity Offering and Signs Commitment Letter for US$250 Million Credit Facilities

Argonaut Gold Inc. (TSX: AR) is pleased to announce it has closed... READ MORE

July 5, 2022

QC Copper & Gold Reports 10 New Holes to Convert Waste into In-Pit Mineralization

QC Copper and Gold Inc. (TSX-V: QCCU) (OTCQB: QCCUF) is pleased t... READ MORE

July 5, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News