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Sona Closes First Tranche of Private Placement
Published : July 25, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2013) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Sona Resources Corp. ("the Company" or "Sona") (News - Market indicators) (FRANKFURT:QS7) is pleased to announce that, further to its news release of July 17, 2013, it has closed the first tranche of its non-brokered private placement (the "Private Placement") of 3,665,000 units (the "Units") at an offering price of $0.30 per Unit, for gross proceeds of $1,099,500. Each Unit consists of one common share and one-half of one warrant (a "Warrant"), with each whole Warrant entitling the holder to purchase, for a period of 24 months following the closing date, one additional common share of the Company at a price of $0.50 for the first 12 months and $0.60 thereafter. The sole subscriber in this tranche of the Private Placement was Lu'An (Canada) Capital & Energy Investment Inc. ("LCE") who, as a result of their subscription, is now an "insider" of the Company pursuant to applicable securities laws.

In connection with the Private Placement, Canada Asia Business Network (the "Finder") has received: (i) an aggregate of 293,200 non-transferable finder's warrants (the "Finder's Warrants") equal to 8% of the number of Units purchased by subscribers introduced by the Finder to the Company, with each Finder's Warrant being exercisable into a common share of the Company at a price of $0.30 per share until July 23, 2015; and (ii) a cash finder's fee in the amount of $87,960 equal to 8% of the total subscription amount of the number of Units purchased by subscribers introduced by the Finder to the Company.

All securities issued pursuant to the Private Placement will be subject to a four-month hold period expiring on November 24, 2013. The proceeds of the financing will be used for exploration and development work on the Elizabeth Gold Property and the Blackdome Gold Mine, and for working capital requirements.

About Sona Resources Corp.

Based in Vancouver, Sona is a junior gold resource company with a focus on bringing its Blackdome-Elizabeth Gold Project into full commercial production. Since its inception in 1990, Sona has engaged in a wide range of mineral exploration activities in Canada, Mexico and the United States, as well as small-scale gold production.

Sona owns a 100 percent interest in the former Blackdome Gold Mine in south-central British Columbia, 250 kilometres north of Vancouver; and the Elizabeth Gold Deposit Property, 30 kilometres south of Blackdome. At Blackdome, the mineral resources are estimated to be 144,500 tonnes grading 11.29g Au/t containing 52,500 oz. gold, indicated; and 90,600 tonnes grading 8.79g Au/t containing 25,900 oz. gold inferred (news release dated May 4, 2010). At Elizabeth, Sona has outlined an inferred gold resource of 523,000 tonnes grading 12.26g Au/t containing 206,100 oz. gold (news release dated June 8, 2009).

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Sona aims to bring the fully permitted Blackdome mill back into production at an initial rate of 200 tonnes per day, with feed from the formerly producing Blackdome Gold Mine.

Sona also holds a 100 percent interest in the Montgolfier Project in Quebec, 40 kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit. On July 15, 2013, Sona announced the acquisition of the high prospective Mineral Creek Gold-Silver Project near Port Alberni, British Columbia.

On behalf of the Board,

Nick Ferris, Executive Chairman

This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the 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.



Sona Resources Corp.
Suite 320, 145 17th Street
North Vancouver, BC, Canada V7M 3G4
+1 (604) 684-6677
+1 (604) 684-6678 (FAX)
info@sonaresources.com
www.sonaresources.com
or
Marston Webb International
Victor Webb
Media Inquiries
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Sona Resources Corp.

EXPLORATION STAGE
CODE : SYS.V
ISIN : CA83540Y1088
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Sona Resources is a gold exploration company based in Canada.

Sona Resources holds various exploration projects in Canada.

Its main exploration properties are ZENDA, CALLAGHAN and GOLDEN TREND in USA and MONTGOLFIER, TRUAX CLAIMS, ELIZABETH and BLACKDOME in Canada.

Sona Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on September 14, 2007 at CA$ 5.00, and its lowest recent point on April 08, 2016 at CA$ 0.01.

Sona Resources has 29 224 056 shares outstanding.

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Financings of Sona Resources Corp.
8/2/2013Closes Second Tranche of Private Placement
7/25/2013Closes First Tranche of Private Placement
6/18/2013Closes Second Tranche of Private Placement
3/18/2013Announces Private Placement
1/24/2012CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
1/2/2012CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
12/21/2011ANNOUNCES PRIVATE PLACEMENT
2/17/2011Sona Resources $1,499,999.60 private placement
Nominations of Sona Resources Corp.
4/1/2011APPOINTS MICHAEL WILLIAMS TO BOARD OF DIRECTORS
Project news of Sona Resources Corp.
9/8/2011INTERSECTS 8.4g Au/t OVER 0.51 METRES
7/19/2011(Blackdome)Commences 5,000-Metre Surface Drill Program at Its Blackdome...
7/12/2011(Elizabeth)s 4,500-Metre Underground Drill Program at Its Elizabeth Gol...
6/9/2011(Elizabeth)BEGINS 4,500-METRE UNDERGROUND DRILL PROGRAM AT ITS ELIZABE...
4/1/2011(Elizabeth)Releases Final 2010 Drill Results From Elizabeth Gold Deposi...
3/24/2011(Elizabeth)Gears Up for Underground Exploration at the Elizabeth Gold D...
3/22/2011STAY IN TOUCH WITH SONA RESOURCES
8/13/2008Releases Technical Report and Drill Data on the Elizabeth So...
5/1/2008(Montgolfier)Reports on Montgolfier Project Drilling Progress in Quebec
3/3/2008(Montgolfier)Provides Progress Report on its Montgolfier Drilling Program
12/14/2007(Montgolfier)Finalizes Plans for New Drill Program at its Montgolfier Pro...
10/16/2007(Elizabeth)Intersects 12.38g Au/t over 3.24 metres at the Elizabeth Sou...
10/9/2007Intersects 5.73g Au/t over 1.75 metres on the Blackdome No. ...
9/13/2007(Elizabeth) Intersects 37.5g Au/t over 11.2 metres at the Elizabeth Sou...
9/11/2007Identifies a Possible Southern Extension of the Giant Vein a...
6/26/2007(Montgolfier)Additional Promising Drilling Results from J-Pacific's Montg...
4/12/2005(Blackdome)2005 Technical report
Corporate news of Sona Resources Corp.
12/24/2015Sona Resources Clarifies Technical Disclosure
9/3/2015Sona Becomes Tier 2 Issuer
4/10/2015Sona Files Response Against Civil Claim by Illidge and White...
3/11/2015Sona Disputes Civil Claim Filed by Illidge and White Over El...
3/11/2015(Elizabeth)Disputes Civil Claim Filed by Illidge and White Over Elizabe...
12/17/2014Sona Recieves Threat to Elizabeth Option Agreements
10/28/2014IIROC Trading Resumption - PZE; LAB; REV.H; SYS
10/24/2014IIROC Trading Halt - SYS
7/16/2013Enters Into an Option Agreement to Acquire 100% of the Miner...
5/14/2013Closes First Tranche of Private Placement and Reprices Stock...
3/13/2013and China Machinery Engineering Corporation Extend the Timef...
2/13/2013Signs Agreement With China Machinery Engineering Corporation...
10/26/2012(Blackdome)Blackdome-Elizabeth Gold Project Progress Report
7/14/2011MiningInsights (tm) Sona Resources Corp.: Resurgent Value in...
4/19/2011CLARIFIES TECHNICAL DISCLOSURE
3/15/2011Closing of First Tranche of Private Placement for $257,400
9/18/2008Receives Quebec Mineral Investment Refund
4/18/2008Sale of Shares
2/15/2008 Grants Incentive Options
1/31/2008Gold Announces 2008 Exploration Plans
1/24/2008Commences New Drill Program at its Montgolfier Project in Qu...
1/21/2008Terminates SEC Registration
1/15/2008 Resignation of Directors
6/25/2007Arranges Financing
6/20/2007Commences Drilling Program at the Elizabeth Southwest Gold V...
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