Sunvest Minerals Corp. Completes Private Placement
Vancouver, BC (FSCwire) - Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the "Corporation") is pleased to announce that, further to its news release of June 19, 2017, it has closed its private placement of 2,530,000 units at $0.10 per unit for total gross proceeds of $253,000.Each unit consists of one common share and one transferable share purchase warrant authorizing the purchase of one additional common share at a price of $0.15 per share until June 26, 2018.
In connection with the private placement, the Corporation paid cash finder's fees totalling $5,000 and issued 50,000 share purchase warrants ("Finder's Warrants"). Each Finder's Warrant is exercisable into one common share of the Corporation at a price of $0.10 per Finder's Warrant share until June 26, 2018.
All securities issued under the offering are subject to statutory hold periods expiring on October 27, 2017.
Proceeds of the private placement will be used for general working capital.
About Sunvest Minerals Corp.
Sunvest Minerals is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. Sunvest's primary focus is on its McKinnon-Hawkins Gold Project located in the Hawkins and Walls Townships.
ON BEHALF OF THE BOARD
Mike England, CEO & DIRECTOR
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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