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| Home : Sienna Gold Inc. Announces US$ 10 Million Financing |
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Jun 06
2012 |
Sienna Gold Inc. Announces US$ 10 Million Financing |
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CALGARY, ALBERTA--(Marketwire - June 5, 2012) - Sienna Gold Inc. ("Sienna" or the "Corporation") (TSX VENTURE:SGP)(LMA:SGP) has undertaken, subject to regulatory approval, a private placement of up to 28,600,000 Units at US$0.35 per Unit for gross proceeds of $10,010,000. The Corporation will issue 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 will pay to qualified brokers commissions 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=1665414&sourceType=3 |
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