Sienna Resources Inc. Closes Final Tranche of Private Placement to Fund Multiple Work Programs

Core Viewpoint - Sienna Resources Inc. has successfully completed the final tranche of its private placement, raising a total of $75,000 to fund various work programs, particularly in gold and lithium exploration [2][5]. Group 1: Private Placement Details - The final tranche involved the issuance of 625,000 units at a price of $0.12 per unit, resulting in gross proceeds of $75,000 [2]. - Each unit consists of one common share and one transferable share purchase warrant, allowing the holder to acquire an additional share at a price of $0.17 until November 17, 2030 [3]. - The company paid cash finder's fees of $3,120 and issued 26,000 non-transferable share purchase warrants to finders, with each warrant allowing the acquisition of one share at the same price until November 17, 2027 [4]. Group 2: Financial Overview - The total gross proceeds from both the first and final tranches amount to $1,913,640.08, with a total of 15,947,001 shares issued [5]. - Net proceeds will be allocated for general working capital and to advance existing projects, including planned drill programs for gold and lithium [5]. Group 3: Market Context and Future Outlook - The company’s president expressed confidence in the financial position heading into 2026, noting that gold prices are near all-time highs and lithium carbonate prices are at yearly highs [6]. - The management plans to allocate capital prudently to maximize shareholder value [6].