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| Home : Sienna Gold Inc. Announces $3,000,000 Financing |
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Oct 16
2012 |
Sienna Gold Inc. Announces $3,000,000 Financing |
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CALGARY, ALBERTA--(Marketwire - Oct. 15, 2012) - Sienna Gold Inc ("Sienna" or the "Company") (TSX VENTURE:SGP.V) (LMA:SGP) wishes to announce that it is, subject to regulatory approval, undertaking a private placement financing of US $3,000,000. The Corporation will issue 10,000,000 units at US$0.30 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$0.45 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 will pay to agents assisting in the financing a cash commission of 7% and issue 7% 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. |
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| Source:http://www.marketwire.com/mw/release.do?id=1713581&sourceType=3 |
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