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To: Goose94 who wrote (11807)4/7/2016 7:34:30 PM
From: Goose94Respond to of 202710
 
SMN-V neckin' with it's 52 week high, 6 cents



To: Goose94 who wrote (11807)4/8/2016 11:20:47 PM
From: Goose94Read Replies (1) | Respond to of 202710
 
San Marco Resources (SMN-V) April 8, '16 announces that its private placement announced March 15, 2016 is over-subscribed and it has increased the placement to up to 6,000,000 (formerly 3,000,000) units at $0.05 per unit for gross proceeds of up to $300,000 (formerly $150,000). San Marco may, if warranted, further increase the size of the placement by up to a further 10%.

Each unit will consist of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of San Marco's shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.

Finders' fees of 7% will be paid in shares to qualified finders. The placement remains subject to TSX Venture Exchange approval.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company ( www.sanmarcocorp.com) with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng; CEO
rwillis@sanmarcocorp.com
Phone: 604-568-5951
Cell: 604-813-2606