- Aftermath Silver (AAG) has announced a non-brokered private placement of up to 11,764,705 units of the company
- The units will be offered at a price of C$0.17 per unit to raise approximately C$2 million
- Each unit will be made up of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant
- Each warrant is exercisable by the holder to acquire one common share for a period of 24 months at a price of C$0.27 per share
- Aftermath Silver Ltd. is a Canadian junior exploration company focused on silver
- Aftermath Silver Ltd. was down 2.439 per cent, trading at C$0.20 at 1:44 PM ET
Aftermath Silver (AAG) has announced a non-brokered private placement for gross proceeds of $2 million.
The company will issue up to 11,764,705 units at $0.17 per unit. Each unit will consist of one common share and one-half of one non-transferable common share purchase warrant.
Each whole warrant is exercisable by the holder to acquire one common share for a period of 24 months at a price of C$0.27 per share.
Aftermath Silver plans to use the net proceeds for metallurgical and other technical studies on the Berenguela Silver-Copper project in Peru and the Challacollo Silver-Gold project in Chile and general working capital purposes.
Recently, the company completed a 6,200-metre drill campaign at Berenguela. The results of this drilling are being incorporated into a new mineral resource estimate.
The company plans to incorporate the results of the metallurgical test work at Berenguela into a preliminary economic analysis scheduled for the second half of 2023.
Closing of the private placement is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.
Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions.
Aftermath Silver Ltd. was down 2.439 per cent, trading at C$0.20 at 1:44 PM ET.