San Marco Resources

Published : April 08th, 2016

San Marco Increases Unit Private Placement to $300,000

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San Marco Increases Unit Private Placement to $300,000

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


Vancouver, B.C. - April 8, 2016:
San Marco Resources Inc. (SMN: TSX-V) announces that its private placement announced March 15, 2016 is over-subscribed and it has increased the placement to up to 6,000,000 (formerly 3,000,000) units at $0.05 per unit for gross proceeds of up to $300,000 (formerly $150,000). San Marco may, if warranted, further increase the size of the placement by up to a further 10%.

Each unit will consist of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of San Marco's shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.

Finders' fees of 7% will be paid in shares to qualified finders. The placement remains subject to TSX Venture Exchange approval.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company (www.sanmarcocorp.com) with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng; CEO
[email protected]
Phone: 604-568-5951
Cell: 604-813-2606

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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 of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (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 (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

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Data and Statistics for these countries : Canada | Georgia | Mexico | United States Of America | All
Gold and Silver Prices for these countries : Canada | Georgia | Mexico | United States Of America | All

San Marco Resources

CODE : SMN.V
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San Marco Resources is a gold and silver exploration company based in Canada.

San Marco Resources is listed in Canada. Its market capitalisation is CA$ 14.7 millions as of today (US$ 11.7 millions, € 10.3 millions).

Its stock quote reached its lowest recent point on January 09, 2015 at CA$ 0.01, and its highest recent level on June 04, 2021 at CA$ 1.35.

San Marco Resources has 54 350 000 shares outstanding.

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Corporate news of San Marco Resources
6/7/2016San Marco Grants Incentive Stock Options
5/5/2016San Marco and GlobeTrotters sign Alliance Agreement to Gener...
4/25/2016San Marco Closes Oversubscribed $439,550 Unit Private Placem...
4/8/2016San Marco Increases Unit Private Placement to $300,000
11/2/2015San Marco's Warrant Exercise Incentive Program Completed
10/14/2015San Marco's Warrant Exercise Incentive Program Extended
10/6/2015San Marco's Warrant Exercise Incentive Program Approved
9/15/2015San Marco Announces Warrant Exercise Incentive Program
9/14/2015San Marco Continues Exploration at Cuatro de Mayo; Samples 1...
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