Mr. Warren Stanyer reports
NEVADA SUNRISE ANNOUNCES $1,600,000 PRIVATE PLACEMENT
Nevada Sunrise Metals Corp. has arranged a non-brokered private placement for gross proceeds of up to $1.6-million consisting of 20 million units at a price of eight cents per unit, each unit consisting of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 12 cents for a period expiring two years from the closing date of the offering.
Proceeds of the offering will be used for:
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Completion of a National Instrument 43-101 compliant mineral resource estimate for the Gemini lithium project located in Esmeralda county, Nevada;
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Completion of a preliminary economic assessment (or PEA) in conjunction with the release of a maiden mineral resource estimate for Gemini;
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Exploration work on the company's mineral properties;
- Other lithium property investigations, and general working capital.
Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the company to certain subscribers participating in the offering. The offering is subject to acceptance of the TSX Venture Exchange.
About Nevada Sunrise
Metals Corp.
Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, B.C., Canada, that holds interests in lithium, gold and copper exploration projects located in the state of Nevada, United States.
We seek Safe Harbor.
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