Sierra Madre Gold & Silver Upsizes Private Placement to C$16.5M to Support Guitarra Mine Development
Summary by theassay.com
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1 Articles
Sierra Madre Gold & Silver Upsizes Private Placement to C$16.5M to Support Guitarra Mine Development
Sierra Madre Gold & Silver (TSXV: SM) has upsized its previously announced non-brokered private placement to raise gross proceeds of approximately C$16.5M. The offering now consists of up to 23,571,429 units priced at C$0.70 per unit. Each unit includes one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.85 for a period of 12 months following the closing date. The offering is expected to…
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