on Sendero Resources Corp (isin : CA81688C1023)
Sendero Resources Launches Non-brokered Private Placement
Sendero Resources Corp. has announced a non-brokered private placement aiming to raise up to $1,680,000 through the sale of up to 14,000,000 units at $0.12 per unit. Each unit includes one common share and one warrant, exercisable at $0.16 per share for 60 months. The placement is pending TSX Venture Exchange approval, with securities subject to a statutory hold period of four months and one day post-closing.
The funds raised will be used to further develop Sendero's mineral property interests in Argentina and for administrative expenses. Participation by certain directors and officers constitutes a "related party transaction" but will be exempt from certain regulatory requirements.
The securities have not been registered under U.S. securities laws and are not available for offer or sale in the U.S. The company emphasizes that this announcement is not an offer to sell or solicitation in any jurisdiction where it is prohibited by law.
R. E.
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