Sun Summit private placement
2025-01-14 18:11 ET – Private Placement
Financing type:non-brokered private placement
Gross proceeds: $2,678,049.965
Offering: 13,748,621 flow-through listed shares with 6,874,309 warrants attached; 5,265,384 non-flow-through listed shares with 5,265,384 warrants attached
Offering price: 14.5 cents per flow-through listed share; 13 cents per non-flow-through listed share
Warrant exercise terms: 14.5 cents per listed share for a two-year period; 13 cents per listed share for a three-year period
Commissions in securities: 848,864 finders’ warrants
Commission terms: For 764,864 finders’ warrants, each non-transferable warrant is exercisable at 14.5 cents for a two-year period. For 84,000 finders’ warrants, each non-transferable warrant is exercisable at 13 cents for a three-year period.
Disclosure: Refer to the company’s news releases dated Dec. 2, 2024, Dec. 20, 2024, Dec. 21, 2024, and Jan. 13, 2025.
https://sunsummitminerals.com/
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