- Silver Bullet Mines (SBMI) has announced a non-brokered private placement for gross proceeds of up to $2M
- Director and VP Capital Markets Peter Clausi spoke with Dave Jackson about the financing
- The company will issue up to 5,000,000 units. Each unit will be priced at $0.40
- SBMI has two orders on the financing from existing shareholders, one for C$180,000 and the other for US$200,000
- Silver Bullet Mines is focused on discovery and development of mineral deposits
- Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.47
Silver Bullet Mines (SBMI) has announced a non-brokered private placement for gross proceeds of up to $2M.
Director and VP Capital Markets Peter Clausi spoke with Dave Jackson about the financing.
The company will issue up to 5,000,000 units. Each unit will be priced at $0.40 and will consist of one common share and one share purchase warrant. Each warrant can be exercised to acquire one additional share at a price of $0.60 for 24-month following the closing of the offering.
SBMI has received two orders on the financing, one for C$180,000 and the other for US$200,000, from two existing shareholders who are accredited investors.
Net proceeds from the offering will be used to fund and expand operations in Arizona, to fund the development of the Washington Mine in Idaho and to fund exploration and development of the McMorris Mine in Arizona.
Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona with additional mineral properties in Idaho and Nevada.
Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.47.