Sulliden Mining Capital Inc. Closes Fully Subscribed Private Placement
Sulliden Mining Capital Inc. Closes Fully Subscribed Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”)
is pleased to announce it has closed its non-brokered private placement financing of 7,500,000 units of the Company (“Units”)
at a price of $0.06 per Unit for gross proceeds to the Company of $450,000 (the “Offering”). For more information on the
Offering, please see the Company’s press release dated September 21, 2021, which is available under the Company’s profile
on SEDAR at www.sedar.com.
Pursuant to the Offering, Sulliden issued 7,500,000 units of the Company at a price of $0.06 per Unit. Each Unit is comprised
of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the
holder thereof to acquire one common share of the Company at a price of $0.25 for a period of five years following the closing
date of the Offering. All securities issued are subject to a statutory hold period of four months and one day, expiring on
January 25, 2022. No finder’s fees were paid in connection with the Offering.
The Company intends to use the net proceeds from the issuance for general corporate purposes.
About Sulliden Mining Capital
Sulliden is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage
mining projects in the Americas.
Sulliden Mining Capital Inc.
On behalf of the Board
“Stan Bharti”
Interim Chief Executive Officer
For more information:
Ryan Ptolemy
Chief Financial Officer
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. 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.
THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS NEWS
RELEASE.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S.
persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.