Business
Blackrock Announces Increase of Private Placement to C$7.0 Million
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Blackrock Silver Corp. (TSX...
About this update from Blackrock Silver Corp
[{"type":"text","content":"Blackrock Announces Increase of Private Placement to C$7.0 MillionVancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Blackrock Silver Corp. (TSXV: BRC) (the \"Company\") is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on October 20, 2021, has been increased by C$1,000,000 (or 1,250,000 units) to 8,750,000 units (the \"Units\") at a price of C$0.80 per Unit for gross proceeds of C$7,000,000 (the \"Offering\") and is fully subscribed. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of C$1.20 per share for a period of two years from the date the Units are issued.The terms of the Offering and the Units, the proposed use of proceeds, possible finders' fees, and some anticipated insider placees are otherwise as previously disclosed.The Offering is now scheduled to close on or about November 3, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.The securities offered have not been, and will not be, registered under the U.S. 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 shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Blackrock Silver Corp. Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.For further information, please conta...