| Wed Nov 23, 2005 Sultan Minerals Announces Flow-Through Private Placement Financing | |
| Sultan Minerals Inc. (SUL-TSX Venture) ("Sultan") is pleased to announce that, subject to regulatory approval, Sultan will carry out a non-brokered private placement of flow-through shares (the "FT Shares") at a price of $0.15 per FT Share for gross proceeds of up to $100,000. Cash finders' fees of up to 10% of the proceeds of the offering may be payable. All FT Shares issued with respect to the above private placements will be subject to a hold period and may not be traded for four months from the date of issuance. Proceeds from the non-brokered private placement will be used to fund exploration programs on Sultan's Kena Gold Property and Jersey-Emerald Molybdenum Property, located in British Columbia. Mr. Ed Lawrence, P.Eng. is managing the underground exploration program on the Jersey-Emerald Molybdenum Property, and Mr. Perry Grunenberg, P.Geo., of P&L Geological Services of Lac Le Jeune, BC, is Sultan's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects" for the Jersey-Emerald Molybdenum Property and the Kena Gold Property. For further information on Sultan's projects, visit www.sultanminerals.com. Arthur G. Troup, P.Eng., Geological President and CEO For further information please contact: Investor Relations Tel: (604) 687-4622 Fax: (604) 687-4212 Email: info@sultanminerals.com No regulatory authority has approved or disapproved the information contained in this news release. | |
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