Business
Blende Silver Corp Closes Non-Brokered Private Placement Tranche Raising Gross Proceeds of $765,000
(TheNewswire) Vancouver, BC – TheNewswire - December 29, 2021 ...
About this update from Blende Silver Corp.
[{"type":"text","content":"Blende Silver Corp Closes Non-Brokered Private Placement Tranche Raising Gross Proceeds of $765,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, BC –\n \n \n TheNewswire -\n \n \n December 29, 2021\n \n \n –\nBlende Silver Corp. (the “Company”) (TSXV: BAG) announces it has\nclosed the first tranche of a non-brokered private placement announced\nNovember 19, 2021 raising gross proceeds of $765,000.  6,000,000\nFlow-through units (“Unit”) have been issued at a price of $0.10\nper each Unit and 2,062,500 Non Flow-Through units have been issued at\na price 0.08 per each\n \n \n \n \n unit.   Each Unit is comprised of one common share and one\nfull share purchase warrant\n \n \n (“Warrant”).\nEach whole Warrant is exercisable to purchase one common share of the\nCompany at a price of $0.20 per share for a period of 48 months from\nclosing of the financing expiring December 30, 2025.\n \n \n \n \n All securities are subject to a four month hold period.\n Finder’s fees payable in connection with this tranche total\n$52,430 and 550,375 finder’s warrants.  Finder’s Warrants are\nexercisable to purchase one common share of the Company at a price of\n$0.20 per share expiring December 30, 2025.  The private placement is\nsubject to TSX Venture Exchange approval.\n \n \n \n \n The proceeds from the private placement will be used to\nadvance the Blende property and for general working capital.\n \n \n \n \n About Blende Silver Corp.\n \n \n \n \n Blende Silver Corp. is a Vancouver-based junior\nresource company focused on silver-zinc-lead exploration and\ndevelopment at the company’s flagship Blende Deposit in\nnorth-central Yukon. The 100% owned property is the largest\ncarbonate-hosted Ag-Zn-Pb deposit in Yukon and one of the largest\nundeveloped Ag-Zn-Pb deposits in Western Canada. It is winter-road\naccessible, 5,345 ha and situated 63 km northeast of Keno Hill, Yukon.\nThe property has had more than $9.2M in past exploration ($5.2M by\nBlende Silver); including 25,195 meters of drilling in 132\ndrillholes.\n \n \n \n \n For further information please contact:\n \n \n \n \n Blende Silver Corp.\n \n \n \n \n “Andrew H. Rees”\n \n \n \n \n Andrew H. Rees, Director\n \n \n \n \n Tel:  604-505-3739\n \n...