Prince Silver Declares Unmediated Securities Offering
Prince Silver Corp Announces Private Placement and Updates on Projects
Prince Silver Corp, a silver exploration company based in Canada, has announced a private placement aimed at raising up to $1,250,000. The company plans to issue up to 3,125,000 units at a price of $0.40 per unit.
Each unit consists of one common share and one-half common share purchase warrant. The full warrant is exercisable to purchase one common share at a price of $0.60 for a period of 12 months. It's important to note that the securities will not be registered under the United States Securities Act of 1933, and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The net proceeds raised from the Private Placement will be used for exploration and development on the 100% owned Prince Silver Project and for general corporate working capital. The known deposit identified with historic drilling is open in all directions and is near surface.
In addition to the Prince Silver Project, Prince Silver Corp also holds interest in the Stampede Gap Project, a district scale copper-gold-molybdenum porphyry system located approximately 15km north-northeast of the Prince Silver Project. The company also holds option interest in the Broken Handle Project, an early-stage mineral exploration project located in southern British Columbia, Canada.
The Private Placement is subject to approval of the Canadian Stock Exchange and all securities issued under the Private Placement will be subject to statutory hold periods. The Company intends to pay finders' fees in an amount equal to 7% to eligible finders.
It's worth mentioning that the reader is cautioned that assumptions used in the preparation of forward-looking statements may prove to be incorrect. Factors that could cause actual results to differ materially from those in forward-looking statements include business, economic and capital market conditions, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements.
For further information on Prince Silver, please visit www.princesilvercorp.com. The Canadian Stock Exchange (CSE) has neither approved nor disapproved the contents of this press release.
The Board of Directors of Prince Silver Corp includes Ralph Shearing as Director and President. For any queries, you can contact Ralph Shearing at Phone number - 1 (604) 764-0965 or via email at [email protected].
It's important to note that this news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The press release for Prince Silver Corp.'s OTC symbol change was not directly attributed to a specific board member or president in the provided search results. Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA.
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