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| Home : Sona Closes Second Tranche of Private Placement |
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Jan 24
2012 |
Sona Closes Second Tranche of Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Sona Resources Corp. (the "Company" or "Sona") (TSX VENTURE:SYS)(FRANKFURT:QS7) is pleased to announce that, further to its news release of December 20, 2011, and December 30, 2011, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") of 60,000 units (the "Units") at an offering price of $0.60 per Unit, for gross proceeds of $36,000. Each Unit consists of one common share and one-half of one transferable share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder to purchase, at an exercise price of $0.90, an additional common share of the Company for a period of 24 months following the closing date, provided however, that if, commencing on that date that is 12 months from the closing date, the closing price of the Company's common shares on the TSX Venture Exchange is greater than $1.30 for a period of ten consecutive trading days (the tenth such trading day being the "Acceleration Trigger Date"), then the expiry date of the Warrants shall be accelerated to such date as is 30 calendar days following the Acceleration Trigger Date. |
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| Source:http://www.marketwire.com/mw/release.do?id=1609844&sourceType=3 |
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