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Sulliden Mining Capital Inc. Announces $3 Million Private Placement
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) announces a non-brokered private placement fina
About this update from Future Mineral Resources Inc.
[{"type":"text","content":" TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) announces a non-brokered private placement financing of up to 22,222,222 units of the Company (“Units”) at a price of $0.135 per Unit for gross proceeds to the Company of up to $3,000,000 (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (a “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 in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including shareholder approval and all approvals from the Toronto Stock Exchange (“TSX”). The Company intends to use the net proceeds of the Offering for the advancement of its East Sullivan mining project and for general working capital purposes. The Offering is expected to close on or about November 26, 2021. Finder’s fees may be paid to eligible finders in accordance with the policies of the TSX consisting of a cash commission equal to up to 7% of the gross proceeds raised under the Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 7% of the number of Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of Sulliden at a price of $0.25 per share for a period of 24 months following the closing date of the Offering. About Sulliden Mining Capital Inc. Sulliden is a mining 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 “Stan Bharti” Interim Chief Executive Officer For more information: Ryan Ptolemy Chief Financial Officer [email protected] 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, the anticipated closing date, and the size of the Offering. Forward‑looking information is subject to know...