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Sienna Resources Plans to Increase Private Placement to $2.5 Million to Fund Slattberg Cobalt-Nickel-Copper Project in Sweden - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2018) - Sienna Resources (TSXV: SIE)...
About this update from Sienna Resources Inc
[{"type":"text","content":"Sienna Resources Plans to Increase Private Placement to $2.5 Million to Fund Slattberg Cobalt-Nickel-Copper Project in Sweden - Video Available on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - January 8, 2018) - Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF) is increasing the size of its recently announced non-brokered private placement. The company is now looking to raise gross proceeds of up to $2.5 million from the sale of up to 12,500,000 units priced at $0.20 per unit, with each unit consists of one share and one transferable warrant, with the warrant exercisable at $0.30 for 60 months.InvestmentPitch Media has produced a \"video\" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Sienna\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_3mopm6jy/Sienna-Resources-TSXVSIE-Increased-size-of-recently-announced-non-brokered-private-placementIn addition to accredited investors, the offering is open to current shareholders. The company is also relying on other Securities Commission exemptions allowing non-accredited investors to purchase the private placement provided they have obtained advice from a registered investment dealer.The company received TSX Venture Exchange for the exploration and option agreement to acquire the Slättberg Cobalt-Nickel-Copper Project in Sweden. The project, consisting of two adjacent exploration permits comprising approximately 9,513 contiguous acres, is located 25 kilometres northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulphide mineralization that occurs within a two kilometre belt of historic nickel-copper mines. The project contains drill defined massive sulphide mineralization extending to approximately 100 metres in depth, remaining open for expansion at depth and along strike. The project is accessible year round, with nearby rail, power and 5 smelters in the Nordic region.At least 12 historic mines are located on the property, with historic operations dating back to the late 1880s. These historic mines are positioned along an east-west trend of massive sulphide occurrences, developed in and around a similarly oriented body of \"leptite\", a local term used to describe rocks commonly associated with...