Pursuant to the Offering, Sulliden issued 22,222,219 units of the Company at a price of
At the Annual and Special Meeting of Shareholders of the Company held on
The Company intends to use the net proceeds from the issuance for the advancement of its East Sullivan mining project and for general working capital purposes.
About Sulliden
Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the
Contact:
Ryan Ptolemy
Email: ryanp@fmfinancialgroup.com
Cautionary statement regarding forward-looking information
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation the proposed use of proceeds of the Offering and the Company's ability to obtain final approval from the TSX. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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