- Silver Tiger Metals (SLVR) has closed a bought deal offering of common shares for gross proceeds of approximately C$18 million
- The company issued 58,100,000 shares at a price of C$0.31 per share
- Silver Tiger Metals is a Canadian company focused on discovering, financing and building large hydrothermal silver projects in Mexico
- Silver Tiger Metals Inc. (SLVR) opened trading at C$0.30
Silver Tiger Metals (SLVR) has closed a bought deal offering of common shares for gross proceeds of approximately C$18 million.
Under the offering, the company issued 58,100,000 shares at a price of C$0.31 per share.
Net proceeds will be used to continue the advancement of the El Tigre mining project and for general corporate purposes.
The syndicate of underwriters was led by BMO Capital Markets as lead underwriter and sole bookrunner and included Desjardins Securities Inc., PI Financial Corp., Sprott Capital Partners LP, Echelon Wealth Partners Inc. and Eight Capital. The underwriters were paid a cash commission of 6 per cent on the gross proceeds from the offering.
About Silver Tiger
Silver Tiger Metals is a Canadian company focused on discovering, financing and building large hydrothermal silver projects in Mexico. Silver Tiger’s 100 per cent owned 28,414-hectare Historic El Tigre Mining District is located in Sonora, Mexico. The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt, which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end.
Silver Tiger Metals Inc. (SLVR) opened trading at C$0.30.