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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2011) - Sona Resources Corp. ("the Company" or "Sona") (TSX VENTURE:SYS)(FRANKFURT:QS7) is pleased to announce that it intends to proceed with a non-brokered private placement of 750,000 units (the "Units") at an offering price of $0.60 per Unit, for gross proceeds of up to $450,000. Each Unit will consist of one common share and one-half of one warrant (a "Warrant"), with each whole Warrant entitling the holder to purchase, for a period of 24 months following the closing date, one additional common share of the Company at a price of $0.90, provided however, that if at any time after 12 months following the closing, the Company's stock closes on the TSX Venture Exchange at a price higher than $1.30 for a period of 10 consecutive trading days, then the expiry date of the Warrants will be accelerated to such date that is 30 calendar days after the 10th trading day. |
