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Sun Summit Announces Revision of Non-Brokered Private Placement and Reduction of 2024 Exploration Commitment

Sun Summit Announces Revision of Non-Brokered Private Placement and Reduction of 2024 Exploration Commitment

Sun Summit宣佈修訂非經紀私募配售並減少2024年的勘探承諾
newsfile ·  04/02 19:00

Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") announces that it is repricing and restructuring the terms of the non-brokered private placement of the Company (the "Private Placement") previously announced in the Company's press release on March 11, 2024. New terms will consist of the issuance of: (i) up to 11,363,636 flow-through units of the Company (each, a "FT Unit") at a price of $0.11 per FT Unit, and (ii) up to 12,500,000 non-flow-through units of the Company (each, a "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $2,500,000. Each FT Unit will consist of one common share of the Company issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant of the Company (each whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.13 per share for a period of 24 months from the date of issuance of the FT Warrant. Each NFT Unit will consist of one non-flow-through common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "NFT Warrant"). Each NFT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.13 per share for a period of 24 months from the date of issuance of the NFT Warrant.

不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2024 年 4 月 2 日)— Sun Summit Minerals Corp.(TSXV:SMN)(場外交易代碼:SMREF)(the”公司“或”太陽峯會“)宣佈正在對公司非經紀私募股權的條款進行重新定價和重組(”私募配售“)此前曾在公司於2024年3月11日發佈的新聞稿中宣佈。新條款將包括髮行:(i)公司最多11,363,636個流通單位(每個,一個”FT 單位“) 價格爲每英尺單位0.11美元,以及 (ii) 公司不超過12,500,000個非流通單位(每個,一個”NFT 單位“)價格爲每個NFT單位0.10美元,公司的總收益最高爲250萬美元。每個英國《金融時報》單位將由公司的一股普通股組成,該普通股在流轉基礎上發行 所得稅法 (加拿大)和公司普通股購買權證的一半(每份完整認股權證,一個”《金融時報》“)。每份英國《金融時報》認股權證將賦予持有人自金融時報認股權證發行之日起24個月內以每股0.13美元的行使價收購公司的一股非流通普通股。每個 NFT 單位將由公司的一股非流通普通股和公司普通股購買權證的一半組成(每份完整認股權證,一個”NFT 權證“)。每份NFT認股權證將使持有人有權以每股0.13美元的行使價收購公司的一股非流通普通股,期限爲自NFT認股權證發行之日起24個月。

Brian Lock, Executive Chairman of the Company, stated, "The investment in Sun Summit Minerals represents the opportunity at a low price point to participate in the exploration of a promising epithermal gold-silver system on the JD Project in the Toodoggone region in north-central British Columbia. The JD Project is adjacent to the east of the Thesis Gold's Ranch Project and in close proximity to other known deposits. The Sun Summit team includes highly experienced geologists with extensive knowledge of the Toodoggone gained through years of exploration in the region. We are excited to begin drilling multiple high-priority targets during the summer this year."

該公司執行董事長布萊恩·洛克表示:“對Sun Summit Minerals的投資爲以低廉的價格參與不列顛哥倫比亞省中北部圖多貢地區京東項目前景光明的超熱液金銀系統的勘探提供了機會。京東項目毗鄰Thesis Gold's Ranch項目以東,緊鄰其他已知礦牀。Sun Summit團隊包括經驗豐富的地質學家,他們通過在該地區的多年勘探獲得了對Toodoggone的廣泛了解。我們很高興在今年夏天開始鑽探多個高優先級目標。”

The Company intends to use the proceeds of the Private Placement for exploration and development of the Company's mineral property interests in British Columbia, Canada, and for general working capital purposes. The gross proceeds from the issuance of all flow-through shares will be used to incur Canadian Exploration Expenses ("CEE"), and will qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), which will be renounced to the purchasers of flow-through shares with an effective date no later than December 31, 2024 in an aggregate amount no less than the proceeds raised from the issue of the flow-through shares.

公司打算將私募的收益用於勘探和開發公司在加拿大不列顛哥倫比亞省的礦產權益,並用於一般營運資金用途。發行所有流通股票的總收益將用於支付加拿大的勘探費用(”CEE“),並將符合以下條件下的 “流通採礦支出” 所得稅法 (加拿大),該股將向流通股的購買者放棄,生效日期不遲於2024年12月31日,總金額不少於發行流通股所得的收益。

The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in the Private Placement will be subject to a four-month hold period in accordance with applicable securities laws.

私募需獲得多倫多證券交易所風險交易所的批准。根據適用的證券法,私募發行的證券將有四個月的持有期。

Extension of Exploration Commitment

延長勘探承諾

The Company and the JD property vendors have agreed to reduce the required Year 1 expenditures on the JD project to $1,000,000 from $2,500,000. The deferred $1,500,000 will be rolled into the 2025 property option requirements. The Company intends to spend in excess of $1,000,000 on the JD property in 2024, with any additional exploration expenditure incurred this year counted towards the 2025 exploration commitments. For further details regarding the option agreement for the JD project, see the Company's press releases dated January 9, 2024 and February 5, 2024.

該公司和京東房地產供應商已同意將京東項目所需的第一年支出從250萬美元減少至100萬美元。延期的150萬美元將計入2025年的房地產期權要求。該公司打算在2024年在京東物業上花費超過100萬美元,今年產生的任何額外勘探支出均計入2025年的勘探承諾。有關京東項目期權協議的更多詳情,請參閱該公司2024年1月9日和2024年2月5日的新聞稿。

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

本新聞稿不構成賣出要約或徵求買入要約,也不應在美國或任何其他司法管轄區出售證券,此類要約、招攬或出售是非法的。這些證券尚未根據以下規定註冊 1933 年的《美國證券法》,經修訂,未經註冊或未獲得相應的註冊要求豁免,不得在美國提供或出售。

About Sun Summit

關於太陽峯會

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C. and the Buck Project in central B.C.

Sun Summit Minerals(多倫多證券交易所股票代碼:SMN)(場外交易代碼:SMREF)是一家礦產勘探公司,專注於在不列顛哥倫比亞省擴張和發現區域規模的黃金和銅資產。該公司的多元化投資組合包括位於不列顛哥倫比亞省中北部圖多貢地區的京東項目和位於不列顛哥倫比亞省中部的巴克項目。

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Sun Summit 致力於履行環境和社會責任,重點是負責任的發展以及與土著和當地社區建立相互尊重和有益的關係。

Further details are available at .

更多詳情請見。

On behalf of the board of directors

代表董事會

Brian Lock
Executive Chairman

布萊恩·洛克
執行主席

For further information, contact:

欲了解更多信息,請聯繫:

Sharyn Alexander
President
info@sunsummitminerals.com

莎琳·亞歷山大
主席
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

馬修·貝內代託
西蒙妮資本
mbenedetto@simonecapital.ca
電話 416-817-1226

Forward-Looking Information

前瞻性信息

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the terms and completion of the Private Placement, use of proceeds and obtaining regulatory approval for the Private Placement, exploration plans and results of the Company and incurring exploration expenditures on the JD project. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approval; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

本新聞稿中包含的非歷史事實的陳述可能是前瞻性陳述,其中涉及風險、不確定性和其他因素,這些因素可能導致實際業績與此類前瞻性陳述所表達或暗示的業績存在重大差異。此外,前瞻性陳述要求管理層做出假設,並受固有風險和不確定性的影響。存在很大的風險,即前瞻性陳述無法被證明是準確的,管理層的假設可能不正確,實際業績可能與此類前瞻性陳述存在重大差異。因此,讀者不應過分依賴前瞻性陳述。通常,前瞻性陳述可以通過使用 “預期”、“將”、“預期”、“可能”、“繼續”、“可能”、“估計”、“預測”、“計劃”、“潛力” 等術語來識別。本新聞稿中包含的前瞻性陳述可能包括但不限於私募的條款和完成情況、私募資金的使用和獲得監管部門的批准、公司的勘探計劃和結果以及京東項目的勘探支出。這些前瞻性陳述基於許多可能被證明是不正確的假設,這些假設在不限制以下普遍性的前提下,包括:加拿大和其他司法管轄區的股票融資市場狀況;獲得監管部門的批准;勘探活動固有的風險;市場價格的波動和敏感性;對資本市場波動的波動和敏感性;以及金屬價格的波動。本新聞稿中包含的前瞻性陳述是截至本新聞稿發佈之日或本新聞稿中特別提及的日期(如果適用)作出的。除非適用的證券法律法規要求,否則除非適用的證券法要求,否則Sun Summit不打算或義務更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。本新聞稿中包含的所有前瞻性陳述均受本警示聲明的明確限制。

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

不適用於在美國或通過美國新聞專線服務傳播

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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