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Southern Sun Minerals Arranges $800,000 Private Placement
(via Thenewswire.ca) Vancouver, British Columbia / TheNewswire / January 5 , 2016 - SOUTH...
About this update from Grid Battery Metals Inc
[{"type":"text","content":"Southern Sun Minerals Arranges $800,000 Private Placement(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TheNewswire / January 5, 2016 - SOUTHERN SUN MINERALS INC. (\"SOUTHERN SUN\") (TSX.V: SSI) is pleased to announce that, subject to regulatory approval, a non-brokered Private Placement has been arranged for 16,000,000 Units at a price of $0.10 per unit for gross proceeds of $800,000. Each Unit is comprised of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Southern Sun at a price of $0.10 per share for a period of two years from the date of acceptance of the Private Placement by the TSX Venture Exchange. An additional 2,000,000 units have been allocated under the same terms and conditions to cover any possible over subscription. The proceeds from the Private Placement will be used for exploration and development of the Alkali Lake lithium project located in Nevada and for general working capital.\n\n \n \nA finder's fee will be paid in cash or units on closing in accordance with TSX Venture Exchange policy. \n\n \n \nOn Behalf of the Board of Directors\n\n \n \nHarry Barr\nChairman & CEO\n\n \n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \n\n \n \nCautionary Note Regarding Forward Looking Statements Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward looking statements include statements in which the Company uses words such as \"continue\", \"efforts\", \"expect\", \"believe\", \"anticipate\", \"confident\", \"intend\", \"strategy\", \"plan\", \"will\", \"estimate\", \"project\", \"goal\", \"target\", \"prospects\", \"optimistic\" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of effo...