Cronus Resources Limited

Published : July 05th, 2007

INCREASES FINANCING TO $1.92 MILLION

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Keywords :   Copper | G Mexico | Gold | Mexico | Silver |

SUNRISE MINERALS INCREASES FINANCING TO $1.92 MILLION

Toronto, Ontario, July 5, 2007 - Sunrise Minerals Inc. [TSXV:SUN] is pleased to announce that it has increased its non-brokered private placement up to 12,000,000 units at 0.16 CAN per unit of the Company to raise gross proceeds of up to $1,920,000.

 

�Each unit will consist of one common share and one transferable common share purchase warrant.� Each whole warrant will be exercisable into one additional common share at an exercise price of $0.22 for a period of 2 years from closing.� Finder's fees on a portion of the financing may be payable in accordance with the policies of the TSX Venture Exchange.

Sunrise Minerals intends to build shareholder value by acquiring, exploring, and developing high-quality gold, silver and copper projects in Latin America.� The Company has assembled an impressive portfolio of properties in Baja Mexico, covering strategically located, highly prospective and under-explored ground.

SUN on the TSX-V

52-week range $0.17 -$0.73

31.5 million Shares Outstanding

www.sunriseminerals.com

 

For further information, contact Ari Sussman, CEO 1-416-643-7655 or Email:� info@sunriseminerals.com

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of 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.� Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Cronus Resources Limited

CODE : CZR.V
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Cronus Resources Ltd is a silver and gold exploration company based in Canada.

Cronus Resources Ltd is listed in Canada and in Germany. Its market capitalisation is CA$ 13.5 millions as of today (US$ 10.2 millions, € 8.7 millions).

Its stock quote reached its highest recent level on December 30, 2003 at CA$ 1.15, and its lowest recent point on October 24, 2008 at CA$ 0.05.

Cronus Resources Ltd has 13 476 000 shares outstanding.

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Financings of Cronus Resources Limited
8/17/2007CLOSES OF PRIVATE PLACEMENT
8/13/2007CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Corporate news of Cronus Resources Limited
7/5/2007INCREASES FINANCING TO $1.92 MILLION
6/28/2007 Field Program Summary
6/20/2007Annual Meeting Summary
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TSX-V (CZR.V)FRANKFURT (LL1A.F)
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