- Prismo Metals (PRIZ) has completed its financing for gross proceeds of $682,125 through the exercise of warrants
- Prismo will use the proceeds primarily to drill a minimum of 2,000 metres of HQ core at the company’s Verdes property in several holes to test mineralization
- The company also expects to use some of the proceeds to finalize surface exploration work on the Los Pavitos property to advance to the drill ready stage
- Prismo also announced that Louis Doyle has been appointed to its Board of Directors
- Prismo Metals Inc. is a junior mining company focused on precious metal exploration in Mexico
- Prismo Metals Inc. was unchanged at C$0.165 at 10:05 ET
Prismo Metals (PRIZ) has completed its previously announced financing for gross proceeds of $682,125 through the exercise of warrants.
“The proceeds received by Prismo will be primarily used to drill a minimum of 2,000 metres of HQ core at the company’s Verdes property in several holes to test mineralization at depth under the high-grade intercepts from previous drilling campaigns,” explained Craig Gibson, President and CEO of Prismo.
“We are currently in the process of selecting a drilling contractor and we expect drilling to begin in late-July pending reception of our environmental permit,” he added.
In addition, Prismo hopes to use some of the proceeds to finalize surface exploration work on the Los Pavitos property to advance to the drill ready stage, with expected drilling in the fall. Management of Prismo recently held an investor update call.
Prismo has also announced that Mr. Louis Doyle has been appointed to its Board of Directors. Doyle has over 30 years of experience focused primarily on capital markets and public companies.
Doyle was granted 150,000 incentive stock options exercisable at $0.165 per share before June 26, 2027. Also, three other directors were granted 50,000 incentive stock option each exercisable at $0.165 per share before June 26, 2027.
Prismo Metals Inc. is a junior mining company focused on precious metal exploration in Mexico.
Prismo Metals Inc. was unchanged at C$0.165 at 10:05 ET.
