- Nevada Silver Corporation has announced a private placement of units for gross proceeds of up to $7,020,000
- The company will issue up to 23,400,000 units at a price of $0.30 per unit
- The agents have an over-allotment option to increase the size of the offering by up to $3,000,000
- The net proceeds of the offering will be used to further exploration and development of the Corcoran Canyon and Belmont properties in Nevada
- Nevada Silver Corp. is a mineral exploration company with two exploration projects in the U.S.
- Nevada Silver Corporation (NSC) opened trading at C$0.305 per share
Nevada Silver Corporation (NSC) has announced a private placement of units for gross proceeds of up to $7,020,000.
The company will issue up to 23,400,000 units at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $0.45 up to 24 months following the closing date of the offering.
The agents, led by Canaccord Genuity Corp., have an over-allotment option to increase the size of the offering by up to $3,000,000.
The net proceeds of the offering will be used to further exploration and development of the Corcoran Canyon silver-gold property and the Belmont silver property and for working capital and general corporate purposes.
The company has agreed to pay a cash commission and issue warrants to the agents.
Nevada Silver Corp is a mineral exploration company with two exploration projects in the U.S.
Nevada Silver Corporation (NSC) opened trading at C$0.305 per share.