Sokoman Minerals Corp. Completes First Tranche of Financing

Sokoman Minerals Corp. has closed the first tranche of a non-brokered private placement financing, securing CAD$1,421,250 in gross proceeds. Conditional approval was granted by the TSX Venture Exchange for this financing. The company issued 35,400,000 flow-through shares at CAD$0.04 each, offering tax benefits under Canadian law, and 150,000 non-flow-through shares at CAD$0.035.

In connection with the financing, Sokoman is paying CAD$42,000 in finders' fees and issuing 1,050,000 broker warrants and 1,200,000 common shares to two finders. All securities are subject to a four-month hold period. The proceeds will primarily fund exploration expenses, notably CAD$1,000,000 for the Moosehead gold property, with additional funds allotted to Fleur de Lys and Crippleback projects.