Sienna Resources Inc. Announces Private Placement to Fund Multiple Work Programs

Core Points - Sienna Resources Inc. has announced a non-brokered private placement to raise up to $3,000,000 at a price of $0.12 per unit, with each unit consisting of one common share and one transferable share purchase warrant priced at $0.17 for a period of 60 months [1][2][3] - The net proceeds from the financing will be allocated towards general working capital and evaluating existing projects, including drill programs for gold and lithium [2][3] - The company has approximately 25 million shares outstanding, with a pre-raise valuation of under $3 million, indicating an attractive opportunity for investors [3] Financial Details - The financing aims to raise up to $3,000,000 at a unit price of $0.12, with each unit including a share purchase warrant [1][2] - The share purchase warrant allows for the purchase of common shares at $0.17 for 60 months from the closing date [1] - The financing is subject to necessary approvals from the TSX Venture Exchange and other regulatory bodies [2] Management Commentary - Jason Gigliotti, President of Sienna Resources Inc., emphasized that the financing will enable the company to engage in multiple programs and maintain a robust marketing budget, with expectations of being very active in 2025-26 [3]