Key Developments: Sienna Gold Inc (SGP.V)
0.17CAD
18 Jun 2013
$-0.01 (-7.89%)
$0.19
$0.14
$0.17
$0.14
84,520
51,028
$0.35
$0.12
Latest Key Developments (Source: Significant Developments)
Sienna Gold Inc Announces Name Change
Sienna Gold Inc announced that it has received shareholder approval to change its name from Sienna Gold Inc to Peruvian Precious Metals Corp. The name change was approved at the Company's annual general and special meeting held on June 11, 2013. The Company will issue a news release announcing the date on which its shares will trade under the new name. Full Article
Sienna Gold Inc Arranges $7 Million Placement-Canada Stockwatch News
Canada Stockwatch News reported that Sienna Gold Inc has engaged Casimir Capital Ltd. and GMP Securities LP as co-lead agents to conduct a brokered private placement of securities of the Company to raise gross proceeds of up to $7-million through the sale of up to 35 million units of the Company at a price of 20 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder, on exercise thereof, to purchase one additional common share at a price of 30 cents for a period of 24 months from the completion of the offering, provided that if the daily volume-weighted average price for 20 consecutive days of trading of Sienna common shares on the TSX Venture Exchange (or such other stock exchange on which shares of Sienna are listed) exceeds 45 cents per share, the expiry date of the warrants may be accelerated to the day which is 30 calendar days after notice of acceleration has been sent by Sienna to holders of the warrants. All securities issued in connection with the offering will be subject to a minimum four-month-plus-one-day hold period. Closing of the offering is expected to be on or around April 30, 2013. Net proceeds from the offering will be used to finance the company's exploration and development program at the company's Igor project and for general corporate purposes. Full Article
Sienna Gold Inc Announces Appointment Of Chairman, President And Chief Financial Officer
Sienna Gold Inc announced the following changes to senior management team and Board of Directors effective March 1, 2013, Brian J. Maher, formerly President, CEO and Director of Prodigy Gold, has been appointed President, CEO and a Director of Sienna Gold; Tony Wood, former Chief Financial Officer (CFO) and Corporate Secretary of Prodigy Gold has been appointed CFO and Corporate Secretary of Sienna Gold; and Kimberly Ann Arntson had been appointed Vice President - Corporate Development of Sienna Gold, Kimberly Ann was formerly Corporate Communications Director for Prodigy Gold and is a managing partner for KA Gold LLC. Effective February 28, 2013, Mr. John Rucci has resigned as CEO, President and Director of the Company; Mr. Rucci will remain affiliated with Sienna Gold as Chairman Emeritus. Also effective February 28, 2013, Mr. Gordon Forbes has resigned as CFO of Sienna Gold; Mr. Forbes will continue to provide consulting services to the Company. Sienna is also announced that current Board member Jorge Benavides has been appointed Chairman of the Board of Directors. Full Article
Sienna Gold Inc Announces Closing Of Financing
Sienna Gold Inc announced that it has completed a second and final closing (first closing 3,286,667 units for USD986,000.) of its previously announced private placement financing. On this closing, the Corporation issued 2,328,696 units at USD0.30 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 USD0.45 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. Full Article
Sienna Gold Inc Announces Further Details On Units Placement
Sienna Gold Inc announced that the total number of the Company’s shares following the last placement of 3,286,667 units resulted in 110,533,881 issued and outstanding share capital as of October 26, 2012. The 3,286,667 units issued correspond to one share and one share purchase warrant exercisable for USD 0.45, with an expiration date of October 26, 2013. Full Article
Sienna Gold Inc Announces First Closing Of Financing
Sienna Gold Inc announced that it has completed a first closing of its previously announced private placement financing. The Corporation issued 3,286,667 units at USD0.30 per unit (USD986,000 ), 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 USD0.45 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 $58,520 and issued 230,067 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 placement are restricted from trading until February 26, 2013. Full Article
Sienna Gold Inc Announces $3,000,000 Financing
Sienna Gold Inc announced that it is, subject to regulatory approval, undertaking a private placement financing of $3,000,000. The Corporation will issue 10,000,000 units at $0.30 per unit, 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 $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 will pay to agents assisting in the financing a cash commission of 7% and issue 7% 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. Full Article
Sienna Gold Inc Proceeds With Adoption Of International Financial Reporting Standards
Sienna Gold Inc announced that the Company is under the process of transition to International Financial Reporting Standards (IFRS) from Generally Accepted Accounting Principles (GAAP). In February 2008, the Canadian Accounting Standards Board confirmed that Canadian publicly accountable enterprises will be required to adopt IFRS for financial periods beginning on and after October 1, 2011. The Company has adopted IFRS with an adoption date of October 1, 2011 and a transition date of October 1, 2010. Full Article
Sienna Gold Inc Announces Closing Of $2,011,300 Financing
Sienna Gold Inc announced that it has completed its previously announced private placement financing of USD2,011,300. This financing was completed in Alberta, with Northern Securities Inc. acting as broker, and in Peru, with the lead broker being Grupo Privado de Inversiones - Valores S.A., Sociedad Agente de Bolsa (GPI Valores SAB). The Corporation issued 5,746,571 units at USD0.35 per unit, 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 USD0.55 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 $140,791 and issued 402,260 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 placement are restricted from trading until October 23, 2012. Full Article
Sienna Gold Inc Announces USD 10 Million Financing
Sienna Gold Inc announced that it has undertaken, subject to regulatory approval, a private placement of up to 28,600,000 Units at USD0.35 per Unit for gross proceeds of $10,010,000. The Corporation will issue units at USD0.35 per unit, 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 USD0.55 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 will pay to qualified brokers commissions of 7% and issue 7% 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. Full Article
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