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Cronus Resources Limited

Publié le 05 juillet 2007

INCREASES FINANCING TO $1.92 MILLION

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Mots clés associés :   Copper | G Mexico |

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.

Cronus Resources Limited

CODE : CZR.V
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Cronus Resources Ltd est une société d’exploration minière d'argent et d'or basée au Canada.

Cronus Resources Ltd est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 13,5 millions CA$ (10,2 millions US$, 8,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2003 à 1,15 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,05 CA$.

Cronus Resources Ltd possède 13 476 000 actions en circulation.

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Financements de Cronus Resources Limited
17/08/2007CLOSES OF PRIVATE PLACEMENT
13/08/2007CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Communiqués de Presse de Cronus Resources Limited
05/07/2007INCREASES FINANCING TO $1.92 MILLION
28/06/2007 Field Program Summary
20/06/2007Annual Meeting Summary
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TSX-V (CZR.V)FRANKFURT (LL1A.F)
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