Business
AbraPlata Upsizes Previously Announced Private Placement
(via TheNewswire) Toronto - TheNewswire - August 07, 2020 - AbraP...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"AbraPlata Upsizes Previously Announced Private Placement(via TheNewswire)\n \n \nToronto - TheNewswire - August 07, 2020 - AbraPlata Resource Corp. (TSXV:ABRA); (OTC:ABBRF) (\"AbraPlata\" or the \"Company\") is pleased to announce that it has increased the size of its previously announced non-brokered private placements of units (the \"Offering\") from $15,000,000 to $18,000,000. Upon closing of the Offering, the Company will issue up to 66,666,667 units (\"Units\") at a price of CAD$0.27 per Unit. Each Unit will consist of one common share in the equity of the Company (each, a \"Common Share\") and one-half of one share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the subscriber to purchase one additional Common Share at a price of $0.40 until the second (2nd) anniversary of the closing date of the Offering. \n\n\n \nThe proceeds of the Offering will be used for exploration of the Company's mineral properties and for general corporate purposes. \n\n\n \nThe Offering is scheduled to close on or about August 27, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals 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 \nAbout AbraPlata\n\n\n \nAbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term sup...