Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Metals & Mining Industrial Metals & Minerals

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

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TSXV:SUNM - Post Discussion

Sun Metals Corp. > Announces $5,162,500 PP @ 0.413, Closing on Dec 20th

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Post by Stock20 on Dec 07, 2018 10:48am

Announces $5,162,500 PP @ 0.413, Closing on Dec 20th

Sun Metals Announces $5,162,500 Private Placement Financing

Canada NewsWire

VANCOUVER, Dec. 7, 2018

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, Dec. 7, 2018 /CNW/ - Sun Metals Corp. ("Sun Metals" or the "Company") (TSXV: SUNM) announces it has entered into an agreement with PearTree Securities Inc. ("PearTree"), whereby PearTree, as agent for the purchasers, will subscribe for up to 12,500,000 flow-through common shares in the capital of Sun Metals (the "Flow-Through Shares") at a price of $0.413 per Flow-Through Share for targeted gross proceeds of up to $5,162,500 (the "Offering").

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Comment by gamer88 on Dec 07, 2018 11:33am

This post has been removed in accordance with Community Policy

Comment by Stock20 on Dec 07, 2018 11:53am

Most of the time retail investors wait for institution kind of investors to take action even though they know it's a great news. PP at 0.413 when price is 0.24 is almost a double premium. Why somebody goa an interest to pay those kind of heigher price in down turn market. When essay comes we all know. For now happy investing.

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