Sranan Gold completes oversubscribed non-brokered private placement
PRESS RELEASE
June 12, 2025
Sranan Gold completes oversubscribed non-brokered private
placement
Not for distribution to United States newswire services or for dissemination in the United States
EDMONTON, AB, CANADA – Sranan Gold Corp. (CSE: SRAN) (FSE & Tradegate: P84) (“Sranan” or
the “Company”) announces that it has closed its non-brokered private placement financing
previously announced on May 30, 2025 , and updated on June 4, 2025. The Company issued
21,242,500 common shares for total gross proceeds of C$8,497,000.
Oscar Louzada, CEO of Sranan Gold, commented: “We are pleased to close our oversubscribed
private placement which was upsized from C$3 million to C$8 million. We thank our investors for
their continued support and confidence in the district -scale potential of the Tapanahony Gold
Project in Suriname, and look forward to providing an update soon on the prospective drill targets
identified for upcoming exploration.”
In connection with the sale of the Shares , the Company paid a total of C $174,790 in cash, and
issued 448,600 finder’s warrants (the “Finder’s Warrants”), to eligible finders for certain of the
Shares sold. Each Finder’s Warrant entitles the holder to purchase one common share of the
Company at a price of C$0.40 per common share for a period of 2 years from the date of issuance.
All securities issued are subject to a hold period until October 13, 2025, i n accordance with
applicable securities laws and the policies of the Canadian Securities Exchange (“CSE”). The net
proceeds will be utilized for general working capital and the Company’s expanded drilling program
of up to 10,000 meters at the Tapanahony Project.
The Offering remains subject to no objections from the CSE. Please refer to the Company’s news
releases dated May 30, 2025 and June 4, 2025, for additional information on the Offering.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral
property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of
Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and
largest small-scale mining areas in Suriname. There is significant production from saprolite by local
miners along a 4.5-kilometre trend, where several areas of mining have been opened.
Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of
2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.
For more information, visit sranangold.com.
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Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS
RELEASE.
Forward-looking statements
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the
meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the
Company’s explor ation plans and results. Such statements and information involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its
projects, or industry results, to be materially different from any future results, performance or achievements expressed
or implied by such forward -looking statements or information. Such statements can be identified by the use of words
such as “may” , “would” , “could” , “will” , “intend” , “expect” , “believe”, “plan” , “anticipate” , “estimate” , “scheduled” ,
“forecast” , “predict” and other similar terminology, or state that certain actions, events or results “may” , “could” ,
“would” , “might” or “will” be taken, occur or be achieved. These statements reflect the company’s current expectations
regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements in this release but are not limited to, statements with respect to the expectations of
management regarding the Offering, the expectations of management regarding the use of proceeds of the Offering,
closing conditions for the Offering, and no objection from the CSE in respect of the Offering. These forward -looking
statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results
to differ materially from those projected in the forward-looking information. Risks that could change or prevent these
statements from coming to fruition include the CSE objecting to the Offering; the proceeds of the Offering may not be
used as stated in this release; Sranan may be unable to satisfy all of the conditions to the closing required by the CSE.
Sranan does not undertake to update any forward -looking statements or information except as may be required by
applicable securities laws.