Sokoman Minerals Corp. Announces New Private Placement and Financing

Sokoman Minerals Corp., based in Newfoundland and Labrador, has unveiled a non-brokered private placement of flow-through shares for up to CAD$1,500,000. The placement is expected to conclude by December 16, 2024. Each flow-through share, priced at CAD$0.04, offers holders tax benefits per Canadian Income Tax regulations.

Simultaneously, a non-flow-through share financing will raise an additional CAD$250,000, priced at CAD$0.035 per share. Both financings will adhere to a four-month hold period, subject to TSX Venture Exchange approval. Possible finders' fees, in cash and broker warrants, may apply.

The flow-through proceeds will fund exploration expenses, specifically CAD$1,000,000 dedicated to the Moosehead gold property. Remaining funds will support projects at Fleur de Lys and Crippleback, alongside bolstering working capital.