News
News Releases
Advance Notice

Request More Info
Join our email list



Show printable version of 'Sultan Minerals Closes Flow-Through Private Placem...' in a New Window
 Mon Dec 5, 2005
Sultan Minerals Closes Flow-Through Private Placement Financing

 Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to announce that, it has closed its previously announced (see press release dated November 29, 2005) non-brokered private placement of 1,483,333 flow-through shares (the "FT Shares") at a price of $0.15 per FT Share, for gross proceeds of $222,500.

A total of $15,500 was paid and 100,000 Finder's Warrants were issued to finders. Finder's Warrants are exercisable until November 30, 2006, at a price of $0.17 per share. All FT Shares and Finder's Warrants issued, and any common shares issuable upon the exercise of Finder's Warrants, are subject to a hold period and may not be traded for four months expiring March 31, 2006.

Proceeds from the non-brokered private placement will be used to fund exploration programs on Sultan's Kena Gold Property and its Jersey-Emerald Molybdenum Property, both located in British Columbia.

For further information on Sultan's projects, visit www.sultanminerals.com.

Arthur G. Troup, P.Eng., Geological
President and CEO

For further information please contact:
Investor Relations
Tel: (604) 687-4622 Fax: (604) 687-4212
Email: info@sultanminerals.com

No regulatory authority has approved or disapproved the information contained in this news release.
 
 

You can view the Previous 2005 News Releases item: Tue Nov 29, 2005, Sultan Minerals Third Quarter Review

You can return to the main 2005 News Releases page, or press the Back button on your browser.

Suite 2000 - 1066 West Hastings Street, Vancouver, British Columbia, Canada V6E 3X2   •  Tel 604-628-0519   •  Fax 604-628-0446