Sienna Gold Inc. Announces First Closing of Financing

Sienna Gold Inc ("Sienna" or the "Company") (TSX VENTURE:SGP) (LMA:SGP)
announces that it has completed a first closing of its previously announced
private placement financing. The Corporation issued 3,286,667 units at US$0.30
per unit ($986,000 US), with each unit consisting of one common share and one
common share purchase warrant. Each warrant entitles the holder to subscribe for
one additional share for US$0.45 for a period of one year from closing. Proceeds
will be used for further exploration work on the Corporation's Igor project in
Peru and for general working capital. Sienna paid commissions of $58,520 and
issued 230,067 broker warrants, each of which will entitle the holder to
subscribe for one additional unit at the issue price for a period of one year
from closing. All securities issued pursuant to this placement are restricted
from trading until February 26, 2013.


Sienna Gold Inc is a gold exploration company with property interests in Peru.
Its key prospect is the Igor Mine Project, a formerly producing mine that the
Company is exploring further.


If you wish any further information, please feel free to contact John Rucci at
any of the contact points noted above.


John M Rucci, President

Advisory

Certain statements and information contained in this press release contain
forward-looking statements. In particular, this press release contains
statements concerning the anticipated use of proceeds. All statements other than
statements of historical fact may be forward looking statements. These
statements, by their nature, are subject to numerous risks and uncertainties,
some of which are beyond Sienna's control including the effect of general
economic conditions, industry conditions, changes in regulatory and taxation
regimes, volatility of commodity prices, escalation f operating and capital
costs, currency fluctuations, the availability of services, imprecision of
reserve estimates, geological, technical, drilling and processing problems,
environmental risks, weather, the lack of availability of qualified personnel or
management, stock market volatility, the ability to access sufficient capital
from internal and external sources and competition from other industry
participants for, among other things, capital, services, undeveloped lands and
skilled personnel that may cause actual results or events to differ materially
from those anticipated in the forward looking statements. Such forward looking
statements, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated in the statements made and should not unduly be relied
on. These statements speak only as of the date of this press release. Sienna
does not intend and does not assume any obligation to update these
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law. Sienna's business is
subject to various risks that are discussed in its filings on the System for
Electronic Document Analysis and Retrieval (SEDAR).


Attachment Available: http://cnrp.marketwire.com/cnrp_files/20121026-1026sgp.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sienna Gold Inc.
John Rucci
403-508-2061
403-508-2670 (FAX)
rucci@siennagold.com
www.siennagold.com

Peruvian Precious Metals Corporation (TSXV:SGP)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024