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Sranan Gold Announces Private Placement of Up to $3 Million Led by Concept Capital Management
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Sranan Gold Corp. (CSE: SRAN) (OTCQB: SRANF) (FSE: P84) ("Sranan" or the "Company") is
About this update from Sranan Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Sranan Gold Corp. (CSE: SRAN) (OTCQB: SRANF) (FSE: P84) (\"Sranan\" or the \"Company\") is pleased to announce a non-brokered private placement on a prospectus-exempt basis of up to 20,000,000 units (each, a \"Unit\") at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,000,000 (the \"Offering\"). The Offering is being led by a strategic investor, Concept Capital Management Ltd., for $800,000. Each Unit will consist of one (1) common share (each, a \"Share\") in the capital of the Company and one-half (1/2) common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.275 per Share for a period of forty-eight (48) months from the date of issuance. The Units will be offered to accredited investors pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 - Prospectus Exemptions. All Shares issued will be subject to a hold period of four months and one day from any closing date. Sranan may pay finders' fees of not more than 6% in respect of those purchasers under the Offering introduced to it by certain arm's-length persons in accordance with the policies of the Canadian Securities Exchange (\"CSE\"). The Offering is expected to close on or prior to May 31, 2026 and is subject to certain customary closing conditions. The Offering is subject to the approval of the CSE. The Company intends to use the net proceeds of the Offering as follows: An additional 5,000-metre diamond drilling program at Randy's Pit and a 5,000-metre Phase one drilling campaign at Poeketi, both on the Tapanahony Project in Suriname, as well as a field exploration program along the South Intrusion and West Poeketi targets; Field work, mapping, sampling, and other exploration activities on the Company's recently acquired Lawatino concession in the Lawa region along the Central Guiana Shear Zone, adjacent to Founders Metals and Miata Metals; Working capital requirements; and, General corporate purposes as well as marketing initiatives. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the U...