CA - Silver X Mining closes first tranche of non-brokered private placement
2023-06-05 08:17:24 ET
- Silver X Mining ( OTCQB:AGXPF ) has closed the first tranche of its previously announced non-brokered private placement offering with the placement of 4.21M units at a price of $0.30/Unit for a gross proceeds of $1.26M .
- Each Unit consists of one common share and one Share purchase warrant with each Warrant entitling the holder to purchase one Share at a price of $0.45/Share for a period of 24 months from the date of closing of the Private Placement.
- The Co. intends to use the net proceeds from the Offering for capex and exploration related to the Nueva Recuperada Silver District in Peru and potential acquisitions of assets.
- The closing of the second tranche is expected shortly as subscriptions are received.
For further details see:
Silver X Mining closes first tranche of non-brokered private placement