- IMPACT Silver (IPT) has announced a non-brokered private placement for gross proceeds of up to C$7,000,000
- IMPACT intends to use the net proceeds for exploration, development and general corporate purposes
- IMPACT Silver engages in silver mining and related activities including exploration, development, and mineral processing in Mexico
- IMPACT Silver Corp. (IPT) is down 12.50 per cent, trading at C$0.315 per share at 10:12 am ET
IMPACT Silver (IPT) has announced a non-brokered private placement for gross proceeds of up to C$7,000,000.
The company plans to issue 25,925,926 units at $0.27 per unit. Each unit will comprise of one common share and one whole common share purchase warrant. Each warrant is exercisable to acquire one additional common share at $0.35 for 24 months from the closing date.
IMPACT intends to use the net proceeds for exploration, development and general corporate purposes.
The securities will be offered by way of private placement in each of the provinces of Canada and any other jurisdictions as determined by the company.
The company expects the offering to close on or about the week of April 10, 2023 and is subject to the receipt of all necessary approvals. All securities issued will have a statutory hold period of four months.
IMPACT may pay finder’s fees or commissions on a portion of the financing. It also expects a director of the company to participate in the offering.
About IMPACT Silver
IMPACT Silver engages in silver mining and related activities including exploration, development, and mineral processing in Mexico. The company operates a series of mines near Zacualpan in the state of Mexico and in Guerrero state. It produces silver, lead, zinc, and gold sold in the form of lead and zinc concentrates.
IMPACT Silver Corp. (IPT) is down 12.50 per cent, trading at C$0.315 per share at 10:12 am ET.