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Sona Amends Non-Brokered Private Placement
Published : May 01, 2013
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Keywords :   Canada | China | Gold | Gold Mine | Gold Production | Mexico |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2013) -

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

Sona Resources Corp. ("the Company" or "Sona") (News - Market indicators)(FRANKFURT:QS7) announces that it has amended the price of its non-brokered private placement announced on March 18, 2013. The Company will now issue up to 6,666,667 units (the "Units") at a price of $0.30 per Unit for gross proceeds of up to $2,000,000.

Each Unit will consist of one common share and one-half of one common share purchase 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.

A finder's fee equal to 8% of the gross proceeds raised may be paid to certain finders for part of the private placement. Additionally, certain finders may receive finder's warrants (the "Finder's Warrants") equal to 8% of the number of Units purchased by subscribers introduced by the finders to the Company. Each Finder's Warrant will be exercisable into a common share of the Company, for a period of 24 months following the closing date, at a price of $0.50.

The net proceeds of the financing will be for general corporate expenses and to undertake further exploration at the Blackdome-Elizabeth Gold Project.

The private placement is subject to TSX Venture Exchange approval and the securities issued pursuant to the private placement will be subject to a four-month hold period.

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 52,500 oz. gold, grading 11.29g Au/t indicated; and 25,900 oz. gold, grading 8.79g Au/t inferred (news release dated May 4, 2010). At Elizabeth, Sona has outlined an inferred gold resource of 206,100 oz. gold, grading 12.3g Au/t (news release dated June 8, 2009).

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 and trucking feed from the Elizabeth Gold Deposit Property.

On February 13, 2013, Sona announced that it has signed a memorandum of understanding ("MOU") with China Machinery Engineering Corporation of Beijing for an engineering, procurement and construction contract ("EPC"). The purpose of the EPC is to facilitate development of Sona's Blackdome-Elizabeth Gold Project. On March 13, 2013, Sona announced that the MOU had been extended to May 31, 2013.

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.

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

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.

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.
+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
Companies Mentionned : Finders | Mineral Resources | Sona Resources |
Data and Statistics for these countries : Canada | China | Mexico | All
Gold and Silver Prices for these countries : Canada | China | Mexico | All

Sona Resources Corp.

EXPLORATION STAGE
CODE : SYS.V
ISIN : CA83540Y1088
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Annual reports of Sona Resources Corp.
2007 Annual report
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
5/1/2013Amends Non-Brokered 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
11/10/2011CLOSES $600,000 FLOW-THROUGH FINANCING
2/17/2011Sona Resources $1,499,999.60 private placement
10/15/2010Closes Private Placement
Nominations of Sona Resources Corp.
4/1/2011APPOINTS MICHAEL WILLIAMS TO BOARD OF DIRECTORS
Project news of Sona Resources Corp.
11/18/2011(Elizabeth)CUTS 28.1g Au/t OVER 1.46 METRES AT THE ELIZABETH GOLD DEPOS...
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
12/9/2010(Elizabeth)West Vein Surface Chip Sampling Averages 162.2g Au/t
12/9/2010Sona Resources Corp.: West Vein Surface Chip Sampling Averag...
12/2/2010(Elizabeth)Sona Resources Corp.: No. 9 Vein Surface Sampling Averages 5...
10/27/2010(Elizabeth)Drills 85.4g Au/t Over 4.0 Metres at Elizabeth Gold Deposit ...
10/27/2010(Elizabeth)Drills 85.4g Au/t Over 4.0 Metres at Elizabeth Gold Deposit ...
10/5/2010(Elizabeth)Drills 70.6g Au/t over 0.5 metres at Elizabeth Gold Property
9/21/2010(Elizabeth)Drilling Intersects 22.7g Au/t over 1.2 metres at Southwest ...
8/13/2008Releases Technical Report and Drill Data on the Elizabeth So...
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.
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
11/22/2011(Blackdome)INTERSECTS 13.6g Au/t OVER 1.5 METRES AT ITS BLACKDOME GOLD...
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
1/27/2010Completion of Name Change & Share Consolidation
10/7/2008Reports Drill Results from Montgolfier Project
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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