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To: Goose94 who wrote (2942)	10/11/2013 7:00:09 PM
From: Goose94	Respond to of 202759

Sunridge Gold (SGC-V) increases placement to $5-million, second increase of $1 million dollars, super oversubscribe. Oct 11, 2013 - News Release Sunridge Gold Corp. has made an additional increase to its previously announced brokered private placement financing from $4-million to $5-million. Tempest Capital Corp. is acting as agent, on a best-efforts basis, for the private placement to raise gross proceeds of up to $5-million by the issuance of up to 26,315,790 units of the company at a purchase price of 19 cents per unit. In addition, Sunridge has agreed to grant the agent an option to sell up to an additional 15 per cent of the number of units issuable under the private placement (or a maximum of 3,947,369 units) at a price of 19 cents per unit, on the same terms and conditions as the private placement, exercisable at any time, in whole or in part, until the date that is 48 hours prior to the closing of the private placement. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 35 cents until Oct. 18, 2017. The company will make an application to the TSX Venture Exchange to list the shares and the warrants issued pursuant to the private placement as well as the warrant shares issuable upon exercise of the warrants. In consideration for the agent's services and such finders, and any arm's-length finders involved in the private placement, the agent will receive a cash commission equal to 6 per cent of the gross proceeds from the sale of units, and broker warrants exercisable into that number of units equal to 6 per cent of the number of units sold pursuant to the private placement. Each broker warrant will be exercisable to acquire one share and one warrant at a price of 19 cents at any time up to Oct. 18, 2017. The private placement is expected to close on or about Oct. 18, 2013, or such other date as agreed to by the company and the agent, and is subject to the receipt of all necessary regulatory approvals including acceptance by the exchange. The company intends to use the net proceeds of the private placement for further development of the company's Asmara project in Eritrea as well as general working capital purposes. Also as previously announced, the company intends to proceed to settle outstanding debts with arm's-length parties in the aggregate amount of $830,128 by issuing units concurrent with the closing of the private placement. The debt settlement is subject to the acceptance of the exchange. We seek Safe Harbor.