- Silver Bullet Mines Corp. (SBMI) has closed the final tranche of its financing of units for proceeds of $360,912
- Together with the first tranche, the offering generated gross proceeds of $807,912, an over-subscription from the announced target of $600,000
- In October, Silver Bullet Mines Corp. announced the financing of units, with each unit consisting of one common share and one common share purchase warrant
- Silver Bullet Mines is focused on the discovery and development of mineral deposits in the United States of America
- Silver Bullet Mines Corp. was down 4.762 per cent, trading at $0.20 at 12:06 PM ET
Silver Bullet Mines Corp. (SBMI) has closed the final tranche of its financing of units for gross proceeds of $360,912.
Under the final tranche, the company issued 1,804,560 common shares and 1,804,560 common share purchase warrants.
Together with the first tranche, Silver Bullet Mines generated gross proceeds of $807,912, an over-subscription from the originally announced target of $600,000.
On October 21, 2022, Silver Bullet Mines Corp. announced the financing, with each unit consisting of one common share and one common share purchase warrant.
The company issued a total of 3,000,000 units priced at $0.20 each.
Each common share purchase warrant has a two-year term and is exercisable at $0.30.
The company intends to use the proceeds for working capital and to exploit palladium, platinum, rhodium, osmium, and gold and silver findings at its Buckeye Silver Mine in Arizona.
No insiders participated, and there here are no finder fees payable on this tranche.
Silver Bullet Mines Corp. is focused on the discovery and development of mineral deposits in the United States of America.
Silver Bullet Mines Corp. was down 4.762 per cent, trading at $0.20 at 12:06 PM ET.