Vancouver, BC (FSCwire) - Sunvest Minerals Corp. (TSX-V: SSS) ("Sunvest Minerals" or the “Company”) announces that it has arranged a non-brokered private placement of up to 2.5 million units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of $250,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 12 month period after the Closing Date at an exercise price of $0.15 per share. Proceeds raised from the Offering will be used for general working capital and towards exploration on the Company’s Evening Star Property located in Nevada. Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
This offering is subject to TSX Venture Exchange acceptance and expected to close June 27th, 2017.
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.