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Sienna Resources Inc V.SIE

Alternate Symbol(s):  SNNAF

Sienna Resources Inc. is focused on exploring for and developing high-grade battery metals deposits in mining jurisdictions. The Company’s projects include Elko Lithium Project, Clayton Valley Blue Clay Lithium Project, Clayton Valley Deep Basin Lithium Brine Project, Clayton Valley Silver Peak South Lithium Project, Dragon Uranium Project, Uranium Town Project, Marathon North Platinum-Palladium Property, Stonesthrow Gold Project, and others. Elko Lithium Project consists of 1,840 contiguous acres in Nevada. Clayton Valley Blue Clay Lithium Project consists of 150 contiguous claims totaling 3,100 acres prospective for lithium rights in Nevada. Clayton Valley Silver Peak South Lithium Project consists of one contiguous block totaling 1,812 acres. It owns the 10,845 contiguous acres of Dragon Uranium Project and the 10,357 acres of Uranium Town Project. It also owns the 55,440-acre Atomic Uranium Project. It also owns Case Lake West Cesium and Spodumene Pegmatite Project in Ontario.


TSXV:SIE - Post by User

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Comment by Oilseekeron Jun 09, 2011 1:42pm
397 Views
Post# 18694381

RE: Emailed news Complete news

RE: Emailed news Complete news

Habanero closes $1.59-million private placement

2011-06-09 11:20 ET - News Release

Ms. Lori McLellan reports

HABANERO ANNOUNCES CLOSING OF NON-BROKERED AND BROKERED PRIVATE PLACEMENT WITH MINERALFIELDS GROUP

Habanero Resources Inc. has completed a non-brokered and brokered private placement of 9,722,305 flow-through units of the company at 13 cents per FT unit and three million non-flow-through units of the company at 11 cents per NFT unit for a total gross proceeds of $1,593,900.

Each FT unit consists of one common share issued on a flow-through basis and one common share purchase warrant entitling the holder to acquire an additional common share at an exercise price of 20 cents per common share for a period of two years from the closing date.

Each NFT unit consists of one common share issued on a non-flow-through basis and one common share purchase warrant entitling the holder to acquire an additional common share at an exercise price of 15 cents per common share for a period of five years from the closing date.

In connection with the financing, the company paid finder's fees of $11,862.50 and issued a total of 492,115 common shares in accordance with the rules and policies of the TSX Venture Exchange. All securities issued in connection with the closing of the offering are subject to a restricted period that expires Oct. 8, 2011, in accordance with applicable securities laws.

The proceeds from the above financings are intended to be used to finance the company's first phase of drilling at the Haldane silver prospect in the Yukon, work on the White Gold prospect in the Yukon, work on the Lezai prospect in Quebec and for general working capital.

President Jason Gigliotti stated: "We are very pleased to be entering into this relationship with MineralFields Group. This is an important milestone in the growth of Habanero Resources Inc. and we look forward to working with MineralFields Group as we develop our holdings in the Yukon, Alberta and Quebec regions."

Year of the Profit, Oilseeker

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