/NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE
SERVICES/
TORONTO, Nov. 25, 2014 /CNW/ -Sulliden Mining Capital
Inc. (TSX: SMC) announces the closing of its non-brokered
private placement financing for gross proceeds of $2,000,000 through the sale of 5,000,000 units at
$0.40 per unit. Each unit is
comprised of one common share and one‑half of a share purchase
warrant, which is exercisable at $0.50 for a period of five years.
Sulliden intends to use the proceeds of the private placement to
pursue strategic acquisitions and/or investment opportunities in
the resource sector, as well as for general corporate purposes. The
financing remains subject to final approval of the Toronto Stock
Exchange, which Sulliden expects to receive in the ordinary
course.
Management and Board Changes
Sulliden is pleased to welcome Deborah
Battiston as its chief financial officer.
Deborah Battiston is a CPA-CGA
who holds BA in Economics from the University
of Guelph and has over 20 years of financial management
experience. Ms. Battiston has broad public company and mining
expertise having served as CFO for a multitude of public resource
sector companies. Ms Battiston has managed the financial
departments of numerous successful domestic and international
organizations through exploration, development and into production.
She formerly served as CFO for Consolidated Thompson Iron Mines,
Largo Resources Ltd. and Forbes and Manhattan Coal Corp, and is
currently CFO of several companies in the mining sector including
Allana Potash Corporation.
Additionally, Peter Tagliamonte,
former chairman of the Company, will assume the roles of senior
vice‑president and executive director. Stan
Bharti will replace Mr. Tagliamonte as chairman of the
board.
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 receipt of final regulatory approval.
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. 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
