Not for distribution to United States newswire services or for dissemination inthe United States
VANCOUVER, BC, CANADA – Sranan Gold Corp. (CSE: SRAN) (FSE & Tradegate:P84) (“Sranan” or the “Company”) announces that it has arranged a non-brokered private placement of up to 7,500,000 shares (the “Shares”) at a price of C$0.40 per Share for proceeds of up to C$3 million (the “Offering”). The net proceeds will be used for general working capital and the Company’s expanded drilling program of up to 10,000 meters at the Tapanahony Gold Project in Suriname.
All securities issued will be subject to a four-month and a day hold period from any closing date. Sranan may pay finder’s fees to arm’s length finders (each a “Finder”) on the Shares sold by such Finder. The Offering is subject to the approval of the Canadian Securities Exchange (“CSE”) and any finder’s fees payable will be issued in accordance with the policies of the CSE and applicable securities laws.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened.
Sranan Gold is also exploring its Aida Property consisting of five mineral claims
covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.
For more information, visit sranangold.com.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.