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Sona Resources Corp. Closes Second Tranche of Private Placement

02.08.2013  |  Marketwired
VANCOUVER, Aug. 2, 2013 - Sona Resources Corp. ("the Company" or "Sona") (TSX VENTURE:SYS) (FRANKFURT:QS7) is pleased to announce that, further to its news releases of July 17, 2013 and July 25, 2013, it has closed the second tranche of its non-brokered private placement (the "Private Placement") of 530,000 units (the "Units") at an offering price of $0.30 per Unit, for gross proceeds of $159,000. Each Unit consists of one common share and one-half of one warrant (a "Warrant"), with each whole Warrant entitling the holder to purchase, for a period of 24 months following the closing date, 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 December 3, 2013. The proceeds of the financing will be used for exploration and development work on the Elizabeth Gold Property and the Blackdome Gold Mine, and for working capital requirements.


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

On July 15, 2013, Sona announced the acquisition of the highly prospective Mineral Creek Gold-Silver Project near Port Alberni, British Columbia.

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.


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



Contact

Sona Resources Corp.
Suite 320, 145 17th Street
North Vancouver, BC, Canada V7M 3G4
+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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