- Silver Bullet Mines Corp. (SBMI) has closed the final tranche of its private placement financing for gross proceeds of $2.5 million
- The company issued a total of 6,297,258 units, with each unit priced at $0.40
- The financing was oversubscribed by more than 25 per cent
- Silver Bullet Mines has appointed Grant Thornton LLP as the company’s new auditor
- Silver Bullet Mines is focused on the discovery and development of mineral deposits
- Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.43
Silver Bullet Mines Corp. (SBMI) has closed the final tranche of its previously announced financing for proceeds of $2,518,903.
The company issued a total of 6,297,258 units, with each unit priced at $0.40. Each unit consists of one common share and one share purchase warrant with a 24-month term.
The financing was oversubscribed by more than 25 per cent.
Director and VP Capital Markets Peter Clausi spoke with Shoran Devi about the financing.
Grant Thornton LLP have been appointed as the company’s auditor effective March 22, 2022, replacing McGovern Hurley LLP.
Proceeds will be used to implement additions to SBMI’s mill in Arizona to increase recoverability.
Silver Bullet Mines Corp. (SBMI) opened trading at C$0.43 per share.