Source: Nevada Silver Corp.
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  • Nevada Silver Corporation has announced a private placement of units for gross proceeds of up to $7,020,000
  • The company will issue up to 23,400,000 units at a price of $0.30 per unit
  • The agents have an over-allotment option to increase the size of the offering by up to $3,000,000
  • The net proceeds of the offering will be used to further exploration and development of the Corcoran Canyon and Belmont properties in Nevada
  • Nevada Silver Corp. is a mineral exploration company with two exploration projects in the U.S.
  • Nevada Silver Corporation (NSC) opened trading at C$0.305 per share

Nevada Silver Corporation (NSC) has announced a private placement of units for gross proceeds of up to $7,020,000.

The company will issue up to 23,400,000 units at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $0.45 up to 24 months following the closing date of the offering.

The agents, led by Canaccord Genuity Corp., have an over-allotment option to increase the size of the offering by up to $3,000,000.

The net proceeds of the offering will be used to further exploration and development of the Corcoran Canyon silver-gold property and the Belmont silver property and for working capital and general corporate purposes.

The company has agreed to pay a cash commission and issue warrants to the agents.

Nevada Silver Corp is a mineral exploration company with two exploration projects in the U.S.

Nevada Silver Corporation (NSC) opened trading at C$0.305 per share.

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