Sennen Closes Non-Brokered Private Placement
Vancouver, British Columbia, November 24th, 2016. Sennen Potash Corporation (“Sennen” or “the Company”) is pleased to announce that it has closed a 5,000,000 unit non-brokered private placement (previously announced on September 27th, 2016 and October 28th, 2016) for gross proceeds of $500,000. Each unit comprises one common share and one share purchase warrant exercisable at $0.15 per share for a five year period. In accordance with TSXV policies, the units are subject to a 4 month hold period expiring on February 28th, 2017. There were no finders’ fees paid with respect to the private placement.
The funds raised will provide the Company with the near term working capital requisite to maintain the Monument potash property (“Monument”) in which, the Company has a 100% interest. The Company is in the process of reviewing Monument and will determine if it will continue to further advance the project.
For further information contact:
Chief Executive Officer and Director
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