StockMarketWire.com - Sunrise Resources has raised GBP120,000 gross via a placing of 45.5m shares and a subscription of 63.6m shares, both at a price of 0.11p a share.

Net funds raised will be applied to the company's exploration projects in Nevada and Australia and for general working capital purposes.

In addition to the Placing Shares and the Subscription Shares, Sunrise has also issued 9.09m shares at 0.11 pence per share to its joint broker Beaufort Securities in respect of broker fees.





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