as of August 5, 2014
Sunrise is currently considering a summer drill program and requisite financing. The drill program will follow up the successful 2013 drill program on Sunrise's Man Prime property in southern BC (as announced on August 26 and 28, 2013). Since both drill holes included good results at the bottom of each hole, and since the drill rig was unable to drill deeper, Sunrise proposes to contract a larger drill rig and to drill underneath these two holes.
The private placement will likely allow existing shareholders to participate pursuant to the recently enacted "existing shareholder" exemption which allows any existing Canadian shareholder at the time of the announcement of a private placement to participate in the private placement to the extent of a maximum of $15,000 per shareholder.
Sunrise Resources Ltd. is a mineral exploration company primarily focused on copper/gold in the Quesnel Trough, located in central British Columbia. Our principal assets include the Eldorado, Man-Prime, Timothy Lake, Moffet Creek, and Rayfield River properties.
The Eldorado property, which is partly within and partly adjoining Imperial Metal's Red Chris group of claims, is currently being explored by Colorado Resources which has an option to earn up to a 75% interest.
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