Sunset Cove Closes Second Tranche of Private Placement and revises
total proceeds raised for a total of $309,940.00
TORONTO,
Oct. 16, 2012 /CNW Telbec/ - Sunset
Cove Mining (TSXV: SSM) (BVL: SSM) ("SUNSET COVE" or the
"Corporation"), has closed its 2nd tranche of a private
placement in the amount of $102,855.00 as of October
2, 2012.
TSX Venture Exchange has conditionally approved
the private placement. Sunset
Cove is awaiting final TSXV approval for the private
placement subject to this press release and other conditions.
The previously announced number of 920,820 Units
issued under the 2nd tranche of the private placement has been
revised to 979,570 Units.
The capital raised for a total of $309,940.00 will be used for general working
capital for the Corporation's operations in Peru and Canada.
Forward-Looking Statements
Some of the statements contained herein may be
forward-looking statements that involve known and unknown risks and
uncertainties. Results presented in this press release are
exploratory in nature. Historical data, if mentioned, should not be
relied upon, as they are not admissible under NI 43-101 rules and
the Company has not conducted sufficient testing to verify this
type of information.
Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward-looking
statements that involve various degrees of risk. The following are
important factors that could cause the Company's actual results to
differ materially from those expressed or implied by such
forward-looking statements: changes in the world-wide price of
mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability, and the uncertainty of access to additional capital.
Sunset Cove disclaims any
obligation to update any such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE SUNSET COVE MINING
INC.