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Sulliden Announces Closing of $50 Million Financing
Published : November 29, 2011
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TORONTO, ONTARIO--(Marketwire - Nov. 29, 2011) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  

Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (News - Market indicators)(OTCQX:SDDDF)(BVLAC:SUE) is pleased to announce the closing of its previously announced public offering. Pursuant to the terms of the financing, 28,910,000 common shares ("Common Shares") have been issued at a price of $1.73 per Common Share for aggregate gross proceeds of $50,014,300 (the "Offering").

The Common Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and Cormark Securities Inc. and including Raymond James Ltd., BMO Nesbitt Burns Inc., GMP Securities L.P., Fraser Mackenzie Limited, Desjardins Securities Inc., Jennings Capital Inc., Haywood Securities Inc. and PI Financial Corp.

The net proceeds from the offering will be used by the Company to expand the exploration program at the Shahuindo gold-silver project (the "Shahuindo Project"), acquire the existing net smelter royalty on the Shahuindo Project and additional mining concessions adjacent to the Shahuindo Project, fund other advancement activities at the Shahuindo Project and for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

ABOUT SULLIDEN

Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. This project neighbours world class mines, including Barrick Gold's Lagunas Norte Mine 30 kilometres to the south and the Yanacocha Mine operated by Newmont Mining Company 80 kilometres to the north. While the Company progresses towards its goal of becoming a gold producer, a significant focus is also being placed on exploration drilling. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.

On behalf of Sulliden Gold Corporation Ltd.

Peter Tagliamonte Stan Bharti
President and CEO Chairman

For further information on Sulliden please visit the company website at www.sulliden.com.

If you would like to be added to Sulliden's news distribution list, please send your email address to contact@sulliden.com.

Caution regarding forward-looking information:

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the proposed use of proceeds, receipt of governmental approvals, the anticipated closing date for the financing, progress in development of mineral properties, future capital and operating expenses, capital and mine production costs, future metal prices and treatment and refining charges, the financial results of the Company the future financial or operating performance of the Company, the prospective mineralization of the properties and planned exploration programs, the issue of permits, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, planned exploration programs, anticipated production schedule and terms and the availability and likelihood of future acquisitions. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not " expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.



Sulliden Gold Corporation Ltd.
Caroline Arsenault
Investor Relations Manager
(416) 861-5805
or
Sulliden Gold Corporation Ltd.
Scott Moore
Vice President Corporate Development
(416) 861-5903
www.sulliden.com
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Sulliden Gold Corp.

EXPLORATION STAGE
CODE : SUE.TO
ISIN : CA8651261064
CUSIP : 301929105
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In the News and Medias of Sulliden Gold Corp.
6/16/2011Sulliden Gold triples gold resources in Peru to 3 million ou...
10/17/2006End of Consolidation ?
Annual reports of Sulliden Gold Corp.
2009 Annual Report
2008 Annual Report
Financings of Sulliden Gold Corp.
1/24/2011Receives Proceeds of Approx. $22.8 Million from Accelerated ...
Nominations of Sulliden Gold Corp.
2/5/2013strengthens its executive team with appointment of Justin Re...
10/11/2011Strengthens Board of Directors With Addition of the Hon. Pie...
Project news of Sulliden Gold Corp.
3/13/2012(Shahuindo)Acquires Additional Mining Concessions at the Shahuindo Proj...
12/7/2011(Shahuindo)Purchases 1.5% NSR Royalty on Its Shahuindo Project in Peru
9/19/2011(Shahuindo)Announces Further Positive Drill Results at Shahuindo, Inclu...
8/26/2011(Shahuindo)Initiates Diamond Drilling in the North Corridor Following P...
5/24/2011(Shahuindo)Discovers New Mineralized Zone At Shahuindo And Continues Po...
4/1/2011(Shahuindo)Continues Drilling Success at Shahuindo-Intersects 1.64 g/t ...
2/16/2010(Shahuindo)Announces Improved Economics for Shahuindo; IRR Increases by...
Corporate news of Sulliden Gold Corp.
9/19/2013Announces $40 Million Bought Deal Financing
4/12/2013closes strategic investment with Agnico-Eagle Mines Limited
11/10/2012(Shahuindo)files NI 43-101 technical report for its Shahuindo Project ...
11/8/2012enters into US$125 million project finance mandate with Cred...
9/26/2012(Shahuindo)Announces Results of Shahuindo Feasibility Study
2/16/2012Reports New Positive Drill Results and Provides Project Upda...
1/4/2012Reports North Corridor Drill Intercept of 53.8 M Grading 0.8...
11/30/2011Intersects Gold and Silver in First North Corridor Holes and...
11/29/2011Announces Closing of $50 Million Financing
11/9/2011Revises Bought Deal to $50 Million
11/3/2011Announces $75 Million Bought Deal Financing
10/20/2011(Shahuindo)Extends Mineralization in Parallel Structures Within Central...
9/12/2011Announces Inclusion in S&P/TSX Composite Index
8/18/2011(Shahuindo)Continues to Report Positive Drill Results from the Shahuind...
8/10/2011Announces Lima Stock Exchange Listing
7/29/2011(Shahuindo)Files NI 43-101 Technical Report for the Updated Mineral Res...
7/21/2011Announces Further Positive Drill Results-Intersects 1.17 g/t...
6/22/2011Announces Further Positive Drilling Results-Intersects 1.42 ...
6/16/2011(Shahuindo)Releases Interim 43-101 Mineral Resource Estimate at Shahuin...
6/15/2011(Shahuindo)Reports 89% Gold Recovery From Heap Leach Test Program at Sh...
5/3/2011Intersects 3.54 g/t Gold Over 34.5 Metres and Continues Grow...
4/19/2011(Shahuindo)Confirms Parallel Gold/Silver-Bearing Structure at Shahuindo
3/14/2011(Shahuindo)Drills High-Grade Gold and Silver at Shahuindo-Intersects 2....
12/13/2010Added to S&P/TSX Global Mining Index
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TORONTO (SUE.TO)
1.47+1.38%
TORONTO
CA$ 1.47
08/08 16:00 0.020
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