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Sienna Gold Inc. Announces Closing of Financing
Published : November 14, 2012
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Keywords :   Canada | Gold | Market | Peru | Volatility |

CALGARY, ALBERTA--(Marketwire - Nov. 14, 2012) - Sienna Gold Inc ("Sienna" or the "Company") (News - Market indicators) (LMA:SGP) announces that it has completed a second and final closing (first closing 3,286,667 units for US$986,000.) of its previously announced private placement financing. On this closing, the Corporation issued 2,328,696 units at US$0.30 per unit (US $698,609), with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for one additional share for US$0.45 for a period of one year from closing. Proceeds will be used for further exploration work on the Corporation's Igor project in Peru and for general working capital. Sienna paid commissions of $42,330 and issued 141,100 broker warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing. All securities issued pursuant to this closing are restricted from trading until March 10, 2013.

Sienna Gold Inc is a gold exploration company with property interests in Peru. Its key prospect is the Igor Mine Project, a formerly producing mine that the Company is exploring further.

If you wish any further information, please feel free to contact John Rucci at any of the contact points noted above.

John M Rucci, President

Advisory

Certain statements and information contained in this press release contain forward-looking statements. In particular, this press release contains statements concerning the anticipated use of proceeds. All statements other than statements of historical fact may be forward looking statements. These statements, by their nature, are subject to numerous risks and uncertainties, some of which are beyond Sienna's control including the effect of general economic conditions, industry conditions, changes in regulatory and taxation regimes, volatility of commodity prices, escalation f operating and capital costs, currency fluctuations, the availability of services, imprecision of reserve estimates, geological, technical, drilling and processing problems, environmental risks, weather, the lack of availability of qualified personnel or management, stock market volatility, the ability to access sufficient capital from internal and external sources and competition from other industry participants for, among other things, capital, services, undeveloped lands and skilled personnel that may cause actual results or events to differ materially from those anticipated in the forward looking statements. Such forward looking statements, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made and should not unduly be relied on. These statements speak only as of the date of this press release. Sienna does not intend and does not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Sienna's business is subject to various risks that are discussed in its filings on the System for Electronic Document Analysis and Retrieval (SEDAR).

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.

Sienna Gold Inc.
John Rucci
403-508-2061
403-508-2670 (FAX)
rucci@siennagold.com
or
Sienna Gold Inc.
SUITE 1100,
800 6TH AVENUE S.W.
CALGARY,ALBERTA
CANADA T2P 3G3
www.siennagold.com
Companies Mentionned : Sienna Gold |
Data and Statistics for these countries : Canada | Peru | All
Gold and Silver Prices for these countries : Canada | Peru | All

Sienna Gold Inc.

CODE : SGP.V
CUSIP : 928910
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Sienna Gold is an exploration gold company based in Canada.

Sienna Gold holds various exploration projects in Peru.

Its main exploration property is THE MINA IGOR in Peru.

Sienna Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.3 millions as of today (US$ 18.5 millions, € 14.9 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.50, and its lowest recent point on June 25, 2010 at CA$ 0.09.

Sienna Gold has 115 328 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Sienna Gold Inc.
11/14/2012Announces Closing of Financing
10/26/2012Announces First Closing of Financing
3/24/2011Announces Closing of $7,000,000 Financing
2/24/2011Announces $7,000,000 Financing
2/22/2011Announces Warrant Expiry Acceleration
Nominations of Sienna Gold Inc.
2/26/2013Appoints Luis-Felipe Arizmendi E. to the Board of Directors
11/7/2012Announces IR Appointment
Corporate news of Sienna Gold Inc.
3/1/2013Former Prodigy Gold Management Team Joins Sienna Gold; Benav...
1/16/2013Exploration Update: 2013- Building on Success
11/13/2012Announces Callanquitas Mineral Resource Estimate
10/3/2012Last Results from Callanquitas Drill Campaign: 7.7 Metres at...
10/3/2012Last Results from Callanquitas Drill Campaign: 7.7 Metres at...
4/19/2011Intersects 41.3 Meters of 1.231 g/ton Gold and 16.9 g/ton Si...
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