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Sienna Resources brings in C$2.5mln from oversubscribed placing

The firm issued 12.5mln units $0.20 each, with each consisting of one share and one transferable warrant

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The company issued 12.5mln units $0.20 each, with each consisting of one share and one transferable warrant

Metals explorer Sienna Resources (CSV:SIE) closed an oversubscribed placing, raising gross proceeds of C$2.5mln.

The firm issued 12.5mln units $0.20 each, with each consisting of one share and one transferable warrant, with the warrant exercisable at $0.30 for 60 months.

Previously, it said the funds will be used to develop its cobalt and lithium projects.

Quick facts: Sienna Resources

Price: 0.065 CAD

TSX-V:SIE
Market: TSX-V
Market Cap: $4.01 m
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