StockMarketWire.com - Sunrise Resources has announced a strategic financing to accelerate the Company's precious metals exploration programme in Nevada, US.

Highlights:

· Placing and subscription for 250,000,000 new ordinary shares at 0.12 pence per share to raise £300,000 before expenses;

· Each placing and subscription share comes with one warrant to subscribe for a further ordinary Sunrise share at a price of 0.24p, a 100% premium to the placing price, with a life to expiry of 30 months (i.e. 250,000,000 warrants);

· Placing and subscription undertaken with high net worth investors and includes a £20,000 investment by Sunrise non-executive director Roger Murphy; and

· Proceeds of the placing to be applied primarily to the Company's precious metal projects in Nevada, including those held in the new precious metals subsidiary Westgold Inc.






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