- Silver X (AGX) is offering a non-brokered private placement of up to C$2M
- It intends to issue 9,090,909 units priced at $0.22 each
- The company will use the proceeds for gold exploration around the Tangana Project, to advance the resource update on the Plata Project, as well as for working capital
- The offering is slated to close on or about November 10, 2022
- Silver X is a Canadian silver mining company with assets in Peru
- Silver X Mining (AGX) is down by 4 per cent, trading at $0.24 per share
Silver X (AGX) is offering a non-brokered private placement of up to C$2M.
It intends to issue 9,090,909 units priced at $0.22 each.
Each unit consists of one Silver X common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one common share for $0.33 for two years following the closing of the offering.
The company will use the proceeds to continue drilling gold exploration targets around its flagship Tangana Project, to advance the resource update on the Plata Project, as well as for working capital and general corporate purposes.
Select Tangana drilling results
Certain Silver X insiders intend to participate in the offering.
The company expects the offering to close on or about November 10, 2022.
Silver X is a Canadian silver mining company with assets in Peru.
Silver X Mining (AGX) is down by 4 per cent, trading at $0.24 per share at 10:06 am EST.