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Sierra Madre Announces Closing of Second Tranche of its C$57.5M Offering
Summary by theassay.com
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1 Articles
Sierra Madre Announces Closing of Second Tranche of its C$57.5M Offering
Sierra Madre Gold and Silver Ltd. (TSXV: SM) has closed the second and final tranche of its previously announced brokered private placement, raising total gross proceeds of C$57.5M to support the planned acquisition of the Del Toro Silver Mine in Mexico. The second tranche consisted of 13,709,576 subscription receipts priced at C$1.30 each, for gross proceeds of C$17.82M. Combined with the first tranche, the company issued 44,231,300 subscriptio…
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