- Silver Dollar Resources (CSE:SLV) will undertake a C$1.5 million non-brokered private placement with qualified investors, including billionaire mining investor Eric Sprott
- The junior miner will allocate the funds to the initial drill campaign at its recently acquired Ranger-Page project in Idaho’s Silver Valley
- Silver Dollar is a mineral exploration company developing projects within Idaho’s prolific Silver Valley and Mexico’s Durango-Zacatecas silver-gold belt
- Silver Dollar Resources stock has added 25 per cent year-over-year, but has lost 3.23 per cent since inception in 2020
Silver Dollar Resources (CSE:SLV) will undertake a C$1.5 million non-brokered private placement with qualified investors, including billionaire mining investor Eric Sprott.
Silver Dollar will allocate the funds to the initial drill campaign at its recently acquired Ranger-Page project in Idaho’s Silver Valley, as well as to general working capital purposes.
The drill-ready Ranger-Page covers six historic mines in a world-class silver district and boasts a target portfolio backed by surface trenching, geochemical data, historic underground mining and induced polarization anomalies.
The junior miner will issue up to six million units priced at C$0.25, with each unit consisting of one common share and one-half of one non-transferable share purchase warrant, and each warrant entitling the holder to buy one additional share for C$0.40 for two years from the closing of the offering. All securities issued will be subject to a hold period of four months from the closing date.
According to data from Simply Wall Street, Sprott owns 13.8 per cent of Silver Dollar Resources, coming in at a close second to First Majestic Silver (TSX:AG) at 15.9 per cent.
About Silver Dollar Resources
Silver Dollar is a mineral exploration company developing projects within Idaho’s prolific Silver Valley and Mexico’s Durango-Zacatecas silver-gold belt.
Silver Dollar Resources stock (CSE:SLV) is down by 3.23 per cent trading at C$0.30 per share as of 9:32 am ET. The stock has added 25 per cent year-over-year, but has lost 3.23 per cent since inception in 2020.
Join the discussion: Find out what everybody’s saying about Eric Sprott’s investment in this junior gold and silver stock on the Silver Dollar Resources Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
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(Top photo looking northwest from the Ranger-Page project with I-90 and the town of Smelterville on the right: Silver Dollar Resources)
