/NOT FOR RELEASE IN THE UNITED
STATES OR TO U.S. NEWS WIRE SERVICES/
TORONTO, Nov. 10, 2014 /CNW/ - Sulliden Mining
Capital Inc. (TSX: SMC) announces a non-brokered private placement
financing of up to 5,000,000 units at a price of $0.40 per unit for proceeds to the company of
approximately $2,000,000. Each unit
will be comprised of one common share and one‑half of a share
purchase warrant, with each whole warrant entitling the holder to
acquire one common share at a price of $0.50 at any time within the five years following
closing.
Sulliden expects that current shareholders will subscribe for
most of the offering. Further, Sulliden intends to use the proceeds
to opportunistically pursue investment opportunities in this
volatile commodity market.
Closing is expected to occur on or before November 17, 2014 and is subject to the receipt
of regulatory approvals, including the approval of the Toronto
Stock Exchange. The securities issued on the financing will
be subject to resale retrictions for a period of four months plus
one day from the closing date.
About Sulliden Mining Capital
Sulliden Mining Capital is a venture capital company focused on
acquiring and advancing brownfield, development-stage and early
production-stage mining projects in the Americas.
Sulliden Mining Capital Inc.
On behalf of the Board
"Justin Reid"
President & Chief Executive Officer
Cautionary statement regarding forward-looking
information
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation, the
proposed use of proceeds and the size of the financing.
Forward‑looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including risks inherent in the mining
industry and risks described in the public disclosure of the
Company which is available under the profile of the Company on
SEDAR at www.sedar.com and on the Company's website at
www.belosun.com. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
SOURCE Sulliden Mining Capital
