Sun Summit Minerals Launches $3M Private Placement

Sun Summit Minerals Corp. (TSE:SMN) has released an update.

Sun Summit Minerals Corp. has announced a private placement aiming to raise up to $3 million by issuing flow-through and non-flow-through units, with proceeds intended for exploration and development of its British Columbia mineral properties and general corporate purposes. Each unit includes share options and warrants, with the flow-through shares offering potential tax benefits to purchasers. The offering, subject to regulatory approval, will also adhere to a four-month holding period for the issued securities.

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