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Sokoman Minerals Closes Financing And Announces Exercise Of Warrants

Jun 04, 2021•about 4 years ago
St. John's

Description

Sokoman Minerals Corp. (“Sokoman” or “the Company”) (TSXV: SIC) (OTCQB: SICNF) is pleased to announce that, further to its April 13, 2021 news release, it has now closed its private placement and issued 3,770,592 units of the Company to Eric Sprott for gross proceeds of $980,354 (the “Financing”).

Company Information

Company

Sokoman Minerals

Location

St. John’s, Newfoundland and Labrador, Canada

About

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The Company's primary focus is its portfolio of gold projects: Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the recently acquired district-scale Fleur de Lys project in northwestern Newfoundland that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. Through recent acquisitions with Benton Resources Inc. (50/50 JV), Sokoman controls one of the largest land holdings in Newfoundland with over 150,000 hectares (1,500 km2) of highly prospective ground in Canada’s newest and rapidly emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.