Breaking News: Sun Summit Issues Correction for Private Placement Announcement!
Vancouver, British Columbia–(Newsfile Corp. – December 20, 2024)
Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the “Company” or “Sun Summit”) announced earlier today that it had closed its non-brokered private placement (the “Private Placement”) previously announced in the Company’s press release on December 2, 2024, through the issuance of 13,748,621 flow-through units of the Company (each, a “FT Unit”) at a price of $0.145 per FT Unit, and 5,265,384 non-flow-through units of the Company (each, a “NFT Unit”) at a price of $0.13 per NFT Unit, for aggregate gross proceeds to the Company of $2,678,049.97. In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $124,825.50 and granted an aggregate of 869,554 non-transferable finder warrants of the Company (each, a “Finder Warrant”) to arm’s length finders of the Company in connection with the Private Placement.
What this Means for Me?
As an investor, the correction issued by Sun Summit regarding the Private Placement announcement is significant as it affects the financial details that were previously communicated. It’s important to stay informed about such updates to accurately assess the impact on your investment decisions.
What this Means for the World?
While the correction regarding the Private Placement announcement may not have a direct impact on the world at large, it showcases the importance of transparency and accuracy in financial disclosures. Companies must ensure that they provide correct and up-to-date information to maintain trust and credibility in the market.
Conclusion
In conclusion, the correction issued by Sun Summit regarding the Private Placement announcement underscores the necessity for accuracy and transparency in financial communications. Investors should pay attention to such updates to make informed decisions, while companies must prioritize providing correct information to uphold their reputation in the market.
