Sunset Cove Mining Announces Private Placement
Montreal, Quebec--(Newsfile Corp. - June 10, 2016) - Sunset Cove Mining (TSXV: SSM) ("Sunset Cove" or the "Company") announces that the Company is raising $ 500,000 by way of a private placement at a price of $ 0.005. The financing will be comprised of units of one (1) common share and one-half (1/2) share purchase warrant priced at $ 0.01. Each warrant will allow the holder to purchase one (1) common share of the Company at a price of $0.01 and shall expire three (3) years from closing.
The Company will be engaging the services of First Republic Capital Corporation of Toronto to act as its agent for this private placement.
This private placement is being conducted in reliance upon the Exchange's Notice to Issuers dated April 7, 2014. The Company shall be applying for a discretionary waiver from the TSX Venture Exchange based on the fact that the last shareholders meeting, and as previously disclosed, the shareholders have authorized the Company to consolidate the issued and outstanding shares of the Company on the basis of one (1) new share for every ten (10) shares of the Company.
All common shares will be subject to a four-month hold from the date of closing.
Sunset Cove's mission is to acquire and advance high potential mining prospects located in North America for the benefit of its shareholders. For more information visit the website at www.sunsetcovemining.com.
FOR FURTHER INFORMATION:
Lorne Woods, President
1-877-234-0692
Forward-Looking Statement: Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Sunset Cove Mining. Actual results may differ materially from those currently anticipated in such statements. 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 adequacy or accuracy of this release.