Stockwatch

Sun Summit Minerals Corp
Symbol	SMN
Shares Issued	77,490,213
Close 2023-05-12	C$ 0.105
Market Cap	C$ 8,136,472
Recent Sedar Documents

Sun Summit investor Billingsley's holdings up to 10.53%

2023-05-12 20:42 ET - News Release

Provenzano Subject: NR for Immediate Dissemination - Billingsley acquires shares and warrants of Sun Summit Word Document File: '\\swfile\EmailIn\20230512 173510 Attachment NR 2023-05-12 Billingsley final (dr2 MFP).docx' RICHARD J. BILLINGSLEY Surrey, BC May 12, 2023 NEWS RELEASE ACQUISITION OF SHARES AND WARRANTS OF SUN SUMMIT MINERALS CORP. I have acquired, together with my wife, as my joint actor, ownership of 2,308,333 common shares (representing 2.26% of the outstanding shares) and warrants to purchase an additional 1,558,333 common shares of Sun Summit (TSX-V: SMN) of Vancouver, BC. The acquisitions were made pursuant to (i) private placement subscriptions for 1,145,833 "flow through" units at a price of $0.12 each and 412,500 non-flow through units at a price of $0.12 each (totalling $182,875), each unit consisting of one common share and one warrant to purchase a further common share, (ii) property option payments of 750,000 shares at a deemed price of $0.15 each (totalling $112,500), and (iii) 795,980 shares by purchases made through the TSX Venture Exchange at an average price of $ 0.2615 per share (totalling $208,148.77). Immediately prior to the acquisitions, my joint actor and I owned and had control and direction over 7,674,020 common shares (representing 10% of Sun Summit's outstanding common shares less one share). My joint actor and I now own and have control and direction over 10,778,333 common shares (representing 10.53% of Sun Summit's outstanding common shares) and warrants to purchase an additional 1,558,333 common shares. If the warrants were exercised, we would own and have control and direction over 12,235,666 common shares (representing 11.78% of the outstanding shares) of Sun Summit. The shares and warrants acquired privately were acquired for investment purposes and as an option payment, both under the prospectus exemption set out in section 2.3 [Accredited investor] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, my joint actor and I do not have any intention of acquiring any further securities of Sun Summit. I will file an Early Warning Report with the British Columbia and Alberta Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR (www.sedar.com) or without charge from me. Contact: Richard J. Billingsley 604-930-5531 - 30 - PDF Document File: Attachment NR 2023-05-12 Billingsley final.pdf RICHARD J. BILLINGSLEY Surrey, BC May 12, 2023 NEWS RELEASE ACQUISITION OF SHARES AND WARRANTS OF SUN SUMMIT MINERALS CORP. I have acquired, together with my wife, as my joint actor, ownership of 2,308,333 common shares (representing 2.26% of the outstanding shares) and warrants to purchase an additional 1,558,333 common shares of Sun Summit (TSX-V: SMN) of Vancouver, BC. The acquisitions were made pursuant to (i) private placement subscriptions for 1,145,833 "flow through" units at a price of $0.12 each and 412,500 non-flow through units at a price of $0.12 each (totalling $182,875), each unit consisting of one common share and one warrant to purchase a further common share, (ii) property option payments of 750,000 shares at a deemed price of $0.15 each (totalling $112,500), and (iii) 795,980 shares by purchases made through the TSX Venture Exchange at an average price of $ 0.2615 per share (totalling $208,148.77). Immediately prior to the acquisitions, my joint actor and I owned and had control and direction over 7,674,020 common shares (representing 10% of Sun Summit's outstanding common shares less one share). My joint actor and I now own and have control and direction over 10,778,333 common shares (representing 10.53% of Sun Summit's outstanding common shares) and warrants to purchase an additional 1,558,333 common shares. If the warrants were exercised, we would own and have control and direction over 12,235,666 common shares (representing 11.78% of the outstanding shares) of Sun Summit. The shares and warrants acquired privately were acquired for investment purposes and as an option payment, both under the prospectus exemption set out in section 2.3 [Accredited investor] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, my joint actor and I do not have any intention of acquiring any further securities of Sun Summit. I will file an Early Warning Report with the British Columbia and Alberta Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR (www.sedar.com) or without charge from me. Contact: Richard J. Billingsley 604-930-5531 - 30 -