- Silver Sands Resources Corp. (SAND) has announced a private placement of flow-through (FT) units for gross proceeds of up to $300,000
- The company will issue up to 2,000,000 FT units at a price of C$0.15 per unit
- Proceeds will be used for work on the company’s Canadian mineral properties
- Silver Sands is a Canada-based mineral exploration company
- Silver Sands Resources Corp. (SAND) opened trading at C$0.12 per share
Silver Sands Resources Corp. (SAND) has announced a private placement of flow-through (FT) units for gross proceeds of up to $300,000.
The company will issue up to 2,000,000 FT units at a price of C$0.15 per unit. Each FT unit will consist of one flow-through common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common non-flow-through share at $0.25 per common share for a period of 24 months.
The company may pay a finder’s fee of 7 per cent cash and warrants.
Proceeds will be used for work on the company’s Canadian mineral properties.
Silver Sands is a Canada-based company engaged in mineral exploration and the acquisition of mineral assets. Its key asset is the Virginia silver project, located in Argentina.
Silver Sands Resources Corp. (SAND) opened trading at C$0.12 per share.