Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, BC, CANADA – Sranan Gold Corp. (CSE: SRAN) (FSE & Tradegate:
P84) (“Sranan” or the “Company”) announces that further to its news release dated May 30, 2025, Sranan has increased its Offering to up to 20,000,000 shares (the “Shares”) at a price of C$0.40 per Share for proceeds of up to C$8 million (the e“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.
Forward-looking Statements
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.