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CALGARY, ALBERTA--(Marketwire - Nov. 14, 2012) - Sienna Gold Inc ("Sienna" or the "Company") (TSX VENTURE:SGP) (LMA:SGP) announces that it has completed a second and final closing (first closing 3,286,667 units for US$986,000.) of its previously announced private placement financing. On this closing, the Corporation issued 2,328,696 units at US$0.30 per unit (US $698,609), 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 paid commissions of $42,330 and issued 141,100 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 closing are restricted from trading until March 10, 2013. |
