Sunstone Metals: Raises $24m for drilling at gold-copper discoveries

Sunstone Metals Raises $24m for drilling at gold-copper discoveries

• Sunstone Metals (STM) gets firm commitments to raise about $20 million via a share placement
• The funds will go towards exploration drilling at its Bramaderos and El Parmar projects in Ecuador
• The company has subsequently launched a $4 million share purchase plan (SPP) to further bolster exploration efforts at the gold-copper discoveries
• At the completion of the placement and the SPP, the company will have approximately $30 million in cash and around $2.5 million in tradable equities
• STM shares hold steady at seven cents