Sunset Cove Closes First Tranche of Private Placement

Sunset Cove Mining Inc. (TSXV:SSM) announced the closing of the first tranche of its previously announced private placement.

As quoted in the press release:

Each Unit is comprised of one (1) common share of the Corporation at CAD $0.05 per share (the “Share”) and one (1) share purchase warrant, with each share purchase warrant being exchangeable for one common share each upon payment of $0.10 (the “Warrant”). The Warrant is subject to an “Acceleration Right”. The Warrants expire eighteen (18) months from closing of the financing, subject to an Acceleration Right in favour of the Corporation if the underlying common shares close at a trading price of $0.12 or higher for five (5) consecutive trading days

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