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Sunset Cove Mining(TSXV:SSM) announced that after receiving subscriptions amounting to $200,000, it will close the first tranche of its previously announced private placement.

Sunset Cove Mining (TSXV:SSM) announced that after receiving subscriptions amounting to $200,000, it will close the first tranche of its previously announced private placement. The Company is expecting to close the second and final tranche in the coming months.

As quoted in the press release:

All shares issued under this placement will be subject to a four (4) month hold period, which will expire on January 6, 2013.

Sunset Cove, President and CEO, Lorne Woods, commented:

The closing of this first tranche at a price slightly above market shows the support for what we are doing at Sunset.

Click here to read the Sunset Cove Mining (TSXV:SSM) press release
Click here to see the Sunset Cove Mining (TSXV:SSM) profile

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