Guanajuato Silver Announces Brokered LIFE Offering of Units
VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR) (OTCQX:GSVRF) announces a brokered, best-efforts Listed Issuer Financing Exemption private placement (the “Offering”) consisting of units of the Company (the “Units”) at a price of C$0.20 per Unit (the “Offering Price”) for minimum aggregate gross proceeds of C$6,000,000 and a maximum of up to C$8,625,000. The Offering is being led by Research Capital Corporation and Red Cloud Securities Inc. as the co-lead agents and joint bookrunners, on behalf of a syndicate of agents (collectively, the “Agents”).
- Each Warrant will entitle the holder to purchase an additional Common Share at an exercise price of C$0.30 for a period of 24 months following the closing of the Offering.
- Net proceeds from the Offering will be used to, inter alia:
add to the Company’s underground fleet and ramp up production at GSilver’s producing mines in Guanajuato and Durango. - The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.
- There is an offering document (the "Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.gsilver.com .