Silver Sun Closes First Tranche of Private Placement

Silver Sun Resource Corp. (TSXV:SSU) closed the first tranche of its non-brokered private placement, consisting of 4,055,000 Units at a price of $0.12 per Unit for gross proceeds of approximately $486,600. The Company intends to use the proceeds for expansion, general working capital, and corporate purposes.

As quoted in the press release:

Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company until November 16, 2014 at a per share price of $0.17 until November 16, 2013 and $0.25 until November 16, 2014.

Click here to read the Silver Sun Resource Corp. (TSXV:SSU) press release
Click here to see the Silver Sun Resource Corp. (TSXV:SSU) profile