/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./
TORONTO, April 12, 2013 /CNW/ - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE) (BVL: SUE) (OTCQX: SDDDF) has
closed the $24,000,000 private placement financing with Agnico-Eagle
Mines Limited ("Agnico-Eagle") announced on April 9, 2013. As a result
of the transaction, Agnico-Eagle owns 9.96% of Sulliden's issued and
outstanding shares on a non-diluted basis.
A total of 26,966,292 units were sold to Agnico-Eagle at a price of
$0.89 per unit. Each unit is comprised of one common share and 0.7 of a
common share purchase warrant. Each whole share purchase warrant
entitles Agnico-Eagle to acquire one common share of the Company at a
price of $1.31 until April 12, 2015. In the event that all warrants
are exercised, an additional $24.73 million will be raised.
Pursuant to the unit purchase agreement dated April 8, 2013 between the
Company and Agnico-Eagle, subject to certain conditions, Agnico-Eagle
has the right for a period of two years to participate in equity
offerings by the Company in order to maintain its pro rata investment
in the Company.
All of the securities issued pursuant to this private placement,
including the common shares issuable upon the exercise of the warrants,
are subject to a mandatory four-month hold period from the date of
closing.
About Sulliden
Sulliden Gold Corporation Ltd. is a Canadian precious metals company
focused on the exploration and development of its wholly owned gold and
silver Shahuindo Project, located in a prolific gold producing district
in northern Peru. Sulliden is listed on the Toronto (TSX) and Lima
(BVL) stock exchanges under the symbol "SUE", as well as the premier
tier of the U.S. Over-the-Counter (OTC) market (OTCQX) under the symbol
"SDDDF". For more information about Sulliden, please visit www.sulliden.com.
On behalf of Sulliden Gold Corporation Ltd.:
Peter Tagliamonte
Chairman & CEO
Justin Reid
President
Caution regarding forward-looking information:
These securities being offered have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") and may not be offered or sold in the United States or
to, or for the benefit of, U.S. persons (as defined in Regulation S
under the U.S. Securities Act) absent registration or an applicable
exemption from registration requirements. This release does not
constitute an offer for sale of securities in the United States.
This press release contains "forward looking information" within the
meaning of applicable Canadian securities legislation. Forward looking
information includes without limitation, statements regarding the terms
and use of proceeds of the private placement, the impact of the private
placement on the Company, the receipt of all required regulatory
approvals, next steps for the property, progress in development of
mineral properties, projected capital and operating expenses, future
metal prices, the future financial or operating performance of the
Company and anticipated production schedule. Generally, forward looking
information can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of
such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". 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 but not limited to: general
business, economic, competitive, geopolitical and social uncertainties;
the actual results of current exploration activities; other risks of
the mining industry and the risks described in the annual information
form of the Company. 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.
SOURCE: Sulliden Gold Corporation Ltd.
<p> <b>Investor Contact</b> </p> <p> <b>Toronto, Canada</b><br/> 65 Queen Street West, Suite 800<br/> Toronto, Ontario M2H 2M5 </p> <p> Caroline Arsenault<br/> Investor Relations Manager<br/> Telephone: +1 416 861-5805<br/> Email: <a href="mailto:info@sulliden.com">info@sulliden.com</a> </p> <p> <b>Lima, Peru</b><br/> Calle San Martín 845, oficina 201<br/> Miraflores - Lima 18 </p> <p> Javier Fernandez-Concha Stucker<br/> Peru Country Manager|<br/> Telephone: 511 651-2500 </p>