| Home : July 2012 : July 27, 2012 News : Sienna Gold Inc. Announces Closing of $2,011,300 Financing |
Sienna Gold Inc. Announces Closing of $2,011,300 Financing |
July 27, 2012
CALGARY, ALBERTA--(Marketwire - July 27, 2012) - Sienna Gold Inc. ("Sienna" or the "Corporation") (TSX VENTURE:SGP)(LMA:SGP) announces that it has completed its previously announced private placement financing of US $2,011,300. This financing was completed in Alberta, with Northern Securities Inc. acting as broker, and in Peru, with the lead broker being Grupo Privado de Inversiones - Valores S.A., Sociedad Agente de Bolsa (GPI Valores SAB). The Corporation issued 5,746,571 units at US$0.35 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for one additional share for US$0.55 for a period of one year from closing. Proceeds will be used for further exploration work on the Corporation's Igor project in Peru and for general working capital. Sienna paid commissions of $140,791 and issued 402,260 broker warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing. All securities issued pursuant to this placement are restricted from trading until October 23, 2012.
http://www.marketwire.com/mw/release.do?id=1684651&sourceType=3
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