Business
AbraPlata Closes First Tranche of Non-Brokered Private Placement
(via TheNewswire) NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSW...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"AbraPlata Closes First Tranche of Non-Brokered Private Placement(via TheNewswire)\n \n \nNOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES\n\n\n \nVANCOUVER, B.C. / TheNewswire / April 8, 2019, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) (\"AbraPlata\" or the \"Company\") is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement. In connection with closing of the initial tranche, the Company issued 10,384,000 units (each, a \"Unit\") at a price of $0.05 per Unit for gross proceeds of $519,200. Each \"Unit\" consists of one common share of the Company and one common share purchase warrant (each, a \"Warrant\"). Each warrant entitles the holder to acquire an additional common share at a price of $0.10 for a period of sixty-months. \n\n\n \nThe Company intends to complete a further tranche of the placement. \n\n\n \nThe proceeds of the Financing will be used for general working capital purposes. In connection with the completion of the initial tranche of the placement, the Company paid finders' fees of $1,500, to certain parties who assisted the Company by introducing subscribers to the placement. The Company may pay additional finder's fee on subsequent tranches of the placement. \n\n\n \nAll securities issued in connection the closing of the initial tranche of the placement, and any subsequent tranches, will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of any further tranches of the placement remain subject to the approval of the TSX Venture Exchange. \n\n\n \nThe securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.\n\n\n \nQualified Person\n\n\n \nAll scientific and technical information in this news rele...