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Posted by
Two Blokes Apr 28 -
Filed in
Stock
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Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that, due to significant investor demand, it has increased the maximum gross proceeds of its previously announced non-brokered private placement (the "Private Placement") from $3.5 million to $10 million plus an over-allotment option whereby the Company may increase the size of the Private Placement by 15% to $11.5 million prior to closing. The Private Placement includes a combination of: (i) charity flow-through units of the Company (each, a "Charity FT Unit") at a price of $0.105 per Charity FT Unit; (ii) flow-through units of the Company (each, a "FT Unit") at a price of $0.075 per FT Unit; and (iii) non-flow-through units (each, an "NFT Unit") at a price of $0.07 per NFT Unit.
