- Fabled Silver Gold Corp. (FCO) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 14,285,714 units at a price of C$0.07 per unit
- Net proceeds of the offering will be used for general working capital and exploration activities on the company’s Santa Maria property in Mexico
- Fabled Silver Gold is focused on acquiring, exploring and operating precious metal properties in Mexico
- Fabled Silver Gold (FCO) opened trading at C$0.07 per share
Fabled Silver Gold Corp. (FCO) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The company will issue up to 14,285,714 units at a price of C$0.07 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable to acquire one additional common share for a term of two years following the closing of the offering.
Net proceeds of the offering will be used for general working capital and exploration activities on the company’s Santa Maria property, located in Parral, Mexico.
All securities issued will be subject to a four-month hold period.
The closing of the offering is subject to the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
Fabled Silver Gold is focused on acquiring, exploring and operating precious metal properties in Mexico with blue-sky exploration potential.
Fabled Silver Gold (FCO) opened trading at C$0.07 per share.