Sulliden Mining Capital Inc. announced a non-brokered private placement of up to 22,222,222 units at a price of CAD 0.135 per unit for proceeds of up to CAD 3,000,000 on October 13, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.25 per share for a period of five years following the closing date of the offering. The company may pay finder’s fees to eligible finders in the form of cash commission equal to up to 7% of the gross proceeds raised under the transaction and finder warrants in an amount equal to up to 7% of the number of units sold pursuant to the transaction. Each finder warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.25 per common share for a period of 24 months following the closing date of the transaction. The securities issued are subject to a statutory hold period of four-months and one day. The transaction is expected to close on or about November 26, 2021. The closing of the transaction is subject to a number of conditions, including shareholder approval and all approvals from the Toronto Stock Exchange.