Sokoman Minerals Corp. Boosts Exploration with CAD$1.4M Financing

Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) has successfully closed the first tranche of its non-brokered flow-through and hard-dollar private placement financing, raising CAD$1,421,250. This significant funding will enable the company to accelerate its exploration activities across its gold projects, particularly the Moosehead and Fleur de Lys projects.

The financing round, which included CAD$0.04 flow-through shares and CAD$0.035 non-flow-through common shares, reflects strong investor confidence in Sokoman's exploration strategy and growth prospects. The company plans to allocate CAD$1,000,000 of the flow-through proceeds to the Moosehead gold property, with the remaining balance split between the Fleur de Lys and Crippleback projects. Additionally, hard-dollar proceeds will be used for working capital.



The Moosehead project, a 100%-owned flagship, will receive a substantial portion of the funding, allowing Sokoman to intensify exploration and drilling activities. This increased focus on Moosehead could lead to new discoveries and resource growth, ultimately enhancing shareholder value. The Fleur de Lys and Crippleback projects will also benefit from the additional funding, enabling Sokoman to advance these projects and maximize their potential.



Sokoman's strategic alliance with Benton Resources Inc. and its agreement with Piedmont Lithium Inc. further bolster investor confidence in the company's growth prospects. The CAD$1,421,250 raised in this financing round, along with the CAD$3,711,035 from the previous financing, indicates that investors are bullish on Sokoman's exploration projects and anticipate potential discoveries and value creation.

The completion of this financing round reflects the market's confidence in Sokoman Minerals Corp. and its growth prospects. As the company advances its projects and operations, investors can expect an increase in the company's share price and enhanced investor sentiment. Sokoman's commitment to exploration and development, coupled with its strategic partnerships, positions the company well to deliver on its objectives and create value for shareholders.