Sun Summit Revises Private Placement Terms

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

Sun Summit Minerals Corp. has revised the terms of its non-brokered private placement, aiming to raise up to $2.5 million through the issuance of flow-through and non-flow-through units, with proceeds dedicated to exploring their promising gold-silver project in British Columbia and for general working capital. The company has also renegotiated its 2024 exploration commitments, reducing the required expenditure to $1 million and deferring the remainder to the following year. These financial moves are in anticipation of drilling high-priority targets during the summer.

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