Sienna Resources Inc. Announces Private Placement to Fund Multiple Work Programs

Executive Summary

• Sienna Resources Inc. announced a non‑brokered private placement to raise up to $3,000,000 at $0.12 per unit.
• Each unit consists of one common share and one transferable warrant to purchase an additional share at $0.17 for 60 months.
• Net proceeds will be used for general working capital and to fund upcoming gold and lithium drill programs.

Key Details

• Financing Size: Up to $3,000,000 gross proceeds.
• Unit Price: $0.12 per unit.
• Unit Composition: 1 common share + 1 transferable warrant (exercise price $0.17, 60‑month term).
• Statutory Hold Period: Securities subject to a hold period of 4 months + 1 day after closing.
• Use of Proceeds: General working capital; evaluation and execution of existing projects, including anticipated gold and lithium drilling programs.
• Finder’s Fees: May be paid to eligible arm‑length persons for certain subscriptions.
• Closing Conditions: Subject to TSX Venture Exchange approval, regulatory approvals, and other customary conditions.
• Share Count Context: Approximately 25 million shares outstanding pre‑raise; implied pre‑raise equity valuation under $3 million.
• Management Comment: President Jason Gigliotti stated the financing will enable multiple programs and a robust marketing budget, positioning the company for an active 2025‑26.

Notable Quotes

“This financing will enable Sienna to work on multiple programs and have a robust marketing budget. With approximately 25 million shares outstanding at a pre‑raise valuation of under 3 million, management feels this placement offers an attractive opportunity. We expect to be very active in 2025‑26.” – Jason Gigliotti, President, Sienna Resources Inc.