Sun Peak Metals Announces $5.0 Million Private Placement Offering of Subscription Receipts

Group 1 - The company, Sun Peak Metals Corp., announced a non-brokered private placement of up to 14,285,714 subscription receipts at a price of $0.35 per receipt, aiming for aggregate gross proceeds of up to $5,000,000 [1] - The proceeds from the offering are intended for the advancement of its properties and for working capital and general corporate purposes [1] - This offering is in connection with a previously announced business combination with Saudi Discovery Company SPV Limited [1]