- Summa Silver Corp. (SSVR) announced a brokered private placement financing for gross proceeds of up to $10 million
- The company will offer up to 12,500,000 units for $0.80 per unit
- Net proceeds will be used to fund further exploration work on its projects and for general working capital purposes
- Summa Silver Corp. is a Canadian junior mineral exploration company
- Summa Silver Corp. (SSVR) opened trading at $0.95
Summa Silver Corp. (SSVR) announced a brokered private placement financing for gross proceeds of up to $10 million.
The company will offer up to 12,500,000 units for $0.80 per unit.
Research Capital Corporation and Eventus Capital Corp. are acting as co-lead agents and joint bookrunners on behalf of a syndicate of agents.
Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant may be exercised to acquire one additional common share at a price of $1.20 for a period of 36 months from the closing of the offering.
Net proceeds will be used to fund further exploration work on its projects and for general working capital purposes.
The offering is anticipated to close on or about December 29, 2022.
Summa Silver Corp. is a Canadian junior mineral exploration company which owns a 100-per-cent interest in the Hughes property located in central Nevada and has an option to earn 100 per cent interest in the Mogollon property in southwestern New Mexico.
Summa Silver Corp. (SSVR) opened trading at $0.95.