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SYS

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Share Name Share Symbol Market Type
TSXV:SYS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sona Closes Second Tranche of Private Placement

18/06/2013 1:36pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Sona Resources Corp. ("the Company" or "Sona") (TSX VENTURE:SYS)(FRANKFURT:QS7)
is pleased to announce that, further to its news releases of May 1, 2013 and
March 18, 2013, it has closed the second tranche of its non-brokered private
placement (the "Private Placement") of 160,000 units (the "Units") at an
offering price of $0.30 per Unit, for gross proceeds of $48,000. Each Unit
consists of one common share and one-half of one transferable share purchase
warrant (each whole warrant, a "Warrant"), with each Warrant entitling the
holder to purchase until June 17, 2015 one additional common share of the
Company at a price of $0.50 for the first 12 months and $0.60 thereafter.


All securities issued pursuant to the Private Placement will be subject to a
four-month hold period expiring on October 18, 2013. The net proceeds of the
financing will be for general corporate expenses and to undertake further
exploration at the Blackdome- Elizabeth Gold Project.


About Sona Resources Corp.

Based in Vancouver, Sona is a junior gold resource company with a focus on
bringing its Blackdome-Elizabeth Gold Project into full commercial production.
Since its inception in 1990, Sona has engaged in a wide range of mineral
exploration activities in Canada, Mexico and the United States, as well as
small-scale gold production.


Sona owns a 100 percent interest in the former Blackdome Gold Mine in
south-central British Columbia, 250 kilometres north of Vancouver; and the
Elizabeth Gold Deposit Property, 30 kilometres south of Blackdome. At Blackdome,
the mineral resources are estimated to be 144,500 tonnes grading 11.29g Au/t
containing 52,500 oz. gold, indicated; and 90,600 tonnes grading 8.79g Au/t
containing 25,900 oz. gold inferred (news release dated May 4, 2010). At
Elizabeth, Sona has outlined an inferred gold resource of 523,000 tonnes grading
12.26g Au/t containing 206,100 oz. gold (news release dated June 8, 2009).


Mineral resources that are not mineral reserves do not have demonstrated
economic viability.


Sona aims to bring the fully permitted Blackdome mill back into production at an
initial rate of 200 tonnes per day, with feed from the formerly producing
Blackdome Gold Mine


Sona also holds a 100 percent interest in the Montgolfier Project in Quebec, 40
kilometres east of the multimillion-ounce Casa Berardi Mine gold deposit.


On behalf of the Board,

Nick Ferris, Executive Chairman

This news release contains certain forward-looking statements, and such
statements involve risks and uncertainties. The results or events predicted may
differ materially from actual results or events. Any forward-looking statement
speaks only as of the date of this news release. Except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results, or any other occurrence.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sona Resources Corp.
+1 (604) 684-6677
+1 (604) 684-6678 (FAX)
info@sonaresources.com
www.sonaresources.com


Marston Webb International
Victor Webb
Media Inquiries
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com

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