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Sienna Resources to raise finances for Marathon palladium/platinum property

Oct 14, 2020

Sienna Resources Inc. is proposing a flow through financing of up to $200,000 at nine cents per share. This flow through will be allocated primarily for Sienna's Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s 7.1-million-ounce palladium-equivalent Marathon Deposit. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.

Sienna plans to rely upon the accredited investor exemption found in National Instrument 45-106 Prospectus Exemptions as well as other exemptions. A finder's fee may be paid. This placement and finder's fee are subject to TSX Venture acceptance.

Jason Gigliotti states, "We are planning to use these proceeds to work on our Marathon North Platinum-Palladium Property at a time when palladium has just touched 6 month highs. Not only do we plan to be active on this exciting project we are also very active in Scandinavia on our platinum-palladium project in Finland and we expect to be drilling on our Norway gold project making the remainder of 2020 a very active period for Sienna."

Tags: Northern Ontario / Deals & Financial / Metals / All Articles