Sienna Proposes Private Placement
SIENNA RESOURCES INC.
Suite 1470 – 701 West Georgia Street Vancouver, BC V7Y 1C6
February 18, 2015
Trading Symbol:
SIE – TSX Venture Exchange
Sienna Proposes Private Placement
Sienna Resources Inc. (“Sienna”, “SIE” or the “Company”) wishes to announce that it is proposing a non-brokered private placement of up to 6,250,000 million units at $0.02 per unit for gross proceeds of $125,000 (the "Offering"). Each unit will consist of one common share and one transferable share purchase warrant exercisable at $0.05 for a period of 5 years (the “Offering”), subject to approval of the TSX Venture Exchange (the “TSXV”). The Offering is being conducted in accordance with the TSXV Bulletin dated April 07, 2014 and November 17, 2014, regarding Private Placements – Discretionary Waivers of $0.05 Minimum Pricing Requirement. Sienna plans to rely upon the new “existing shareholder exemption” described in Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders (published March 13, 2014) or analogous exemption for shareholder of record as of February 17, 2015, as well as other exemptions. Proceeds of the Offering are expected to be used towards accounts payable and working capital.
Unless the Company determines to increase the gross proceeds of the Offering and receives TSX Venture approval for such increase, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $125,000, units will be allocated pro rata amongst all subscribers qualifying under all available exemptions.
If you would like to be added to Sienna’s news distribution list, please send your contact information to [email protected]
Contact Information
Tel: (604) 646 6900 [email protected] www.siennaresourcesinc.com
ON BEHALF OF THE BOARD OF DIRECTORS “Jason Gigliotti”
Jason Gigliotti President Sienna Resources Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is define dint he policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.