Sojourn Announces $200,000 Nonbrokered Private Placement
SOJOURN VENTURES INC.
Suite 760 � 777 Hornby Street Vancouver, British Columbia V6Z 1S4
SOJOURN ANNOUNCES $200,000 NON�BROKERED PRIVATE PLACEMENT
September 5, 2013
TSX Venture Exchange Trading Symbol: SOJ.V
Sojourn Ventures Inc. ("Sojourn") announces that it is undertaking a non�brokered private placement of units for aggregate gross proceeds of up to $200,000.00 (the "Private Placement"). The Private Placement consists of 4,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one share purchase warrant. Each warrant is exercisable for one common share at a price of $0.15 for a period of three years from closing of the Private Placement. Sojourn may pay a finder's fee of 7% in accordance with the policies of the TSX Venture Exchange (the "TSX�V"). All securities issued under the Private Placement are subject to a hold period under securities law of four months and a day from the date of the closing of the Private Placement.
The Private Placement is anticipated to close on September 24, 2013. The closing of the Private Placement is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX�V. Directors and officers of Sojourn will be participating in the Private Placement.
Sojourn intends to use the net proceeds of the Private Placement to fund the review and potential acquisition of future projects as well as for general and administrative purposes.
About Sojourn
Sojourn is a mining exploration company listed on the TSX�V. Sojourn is currently undertaking an exploration program on its Tahsis property situated 105 kilometres Northwest of Campbell River on Vancouver Island. The Company also continues to review additional resource projects for potential future acquisitions.
On behalf of the Board of Directors,
"Joel Dumaresq"
Joel Dumaresq President, Chief Executive Officer and Director
For further information please contact:
Joel Dumaresq Telephone: (604) 648�3506 Fax: (604) 602�9699 Email: [email protected] � 2 �
This press release contains forward�looking statements within the meaning of Canadian securities laws about Sojourn and its business including, but not limited to, the intended terms of the Private Placement, closing of the Private Placement, payment of a finder's fee and use of proceeds. Such forward�looking statements reflect Sojourn's current views with respect to future events and conditions and are subject to certain risks, uncertainties and assumptions, including, but not limited to, risks related to delays in closing, the receipt of regulatory approvals and changes in market conditions. Although Sojourn believes that the expectations reflected in these forward�looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward�looking statements. Factors that could cause the actual results to differ materially from those in forward�looking statements include failure to complete the Private Placement. The forward�looking statements contained in this news release are made as of the date hereof, and Sojourn undertakes no obligation to update publicly or revise any forward�looking statements or information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.