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

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Post by Stock20on Dec 07, 2018 10:48am

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Post# 29082025

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").