Sienna Resources Inc. Closes Final Tranche of Private Placement to Fund Multiple Work Programs

Executive Summary

• Sienna Resources completed the final tranche of its private placement, issuing 625,000 units at $0.12 per unit for gross proceeds of $75,000.
• Total aggregate gross proceeds from both tranches now amount to $1,913,640.08, providing sufficient cash for working capital and upcoming gold and lithium drill programs.
• The financing includes common shares, share purchase warrants, and finder’s warrants, with statutory hold periods expiring March 18 2026.

Key Details

• Units Issued (Final Tranche): 625,000 units @ $0.12 per unit → $75,000 gross proceeds.
• Unit Composition: 1 common share + 1 transferable warrant to purchase an additional share at $0.17 (exercisable until 17 Nov 2030).
• Finder’s Warrants: 26,000 non‑transferable warrants issued; each allows purchase of one share at $0.17, exercisable until 17 Nov 2027; finder’s fees paid $3,120.
• Total Shares Issued (Both Tranches): 15,947,001 shares.
• Aggregate Gross Proceeds: $1,913,640.08 from first and final tranches combined.
• Statutory Hold Period: All securities subject to hold expiring 18 Mar 2026.
• Use of Proceeds: General working capital; evaluation and advancement of existing projects, including planned gold and lithium drill programs.
• Regulatory Condition: Financing remains subject to final approval by the TSX Venture Exchange.

Notable Quotes

“Management is very pleased with this final closing… With more than enough cash on hand to carry out multiple work programs and execute a robust marketing plan, we are well positioned heading into 2026.” – Jason Gigliotti, President, Sienna Resources Inc.