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Sulliden Announces Management and Board Changes, Private Placement Financings, and Annual General and Special Meeting
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Future Mineral Resources Inc.
[{"type":"text","content":"Sulliden Announces Management and Board Changes, Private Placement Financings, and Annual General and Special Meeting\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, March 25, 2025 (GLOBE NEWSWIRE) --\n \n\n\n Sulliden Mining Capital Inc.\n \n (“\n \n Sulliden\n \n ” or the “\n \n Company\n \n ”) (TSX: SMC) is pleased to announce that Fred Leigh has been appointed as the president and chief executive officer and a director of the Company, effective immediately.\n \n\n Mr. Leigh has almost 40 years of experience working with early-stage companies and has had a significant role as founder, director and/or investor in many public companies. He is also the founder and President of VC7K Capital Inc., a privately held company which, for over 30 years has invested in early-stage opportunities in the resource sector. VC7K Capital Inc. was an early investor in successful companies such as, Wheaton River Minerals, Hathor Exploration, and Blue Pearl Mining.\n \n\n The appointment of Mr. Leigh follows the resignation of Scott Moore as the president and chief executive officer and a director of the Company, effective immediately. The board and management of Sulliden express their gratitude to Mr. Moore for his efforts and contributions and wish him well in his future endeavours.\n \n\n\n Private Placements\n \n\n\n The Company is also pleased to announce that it intends to complete best efforts non-brokered private placement hard dollar and flow-through financings for gross proceeds of up to $500,000 and $1,000,000, respectively, (the “\n \n Offerings\n \n ”). The Company anticipates that up to 10,000,000 units (each, a “\n \n Unit\n \n ”) and up to 20,000,000 common shares of the Company will be issued pursuant to the hard dollar and flow-through Offerings at a price of $0.05 per Unit and $0.05 per common share, respectively. Each common share will be issued on a “flow-through basis”. Each Unit will consist of one common share of the Company and one common share purchase warrant (each a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 for a period of 24 months from issuance.\n \n\n Closing of the Offerin...