Silver Sun Announces $400,000 Private Placement

- October 9th, 2012

Silver Sun Resource Corp. (TSXV:SSU) announced a non-brokered private placement of up to 3,333,333 units of the Company at a price of $0.12 per Unit for aggregate proceeds of up to approximately $400,000.

Silver Sun Resource Corp. (TSXV:SSU) announced a non-brokered private placement of up to 3,333,333 units of the Company at a price of $0.12 per Unit for aggregate proceeds of up to approximately $400,000. The Company plans to expand the Cherry Hill Gold mine with part of the proceeds.

As quoted in the press release:

Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant. Each warrant shall entitle the holder to purchase one additional common share of the Company for a period of two years from the date of issue, at a price of $0.17 per share during the first year, at a price of $0.25 per share during the second year.

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