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NEVADA SILVER CORPORATION ANNOUNCES BROKERED PRIVATE PLACEMENT OFFERING OF COMMON SHARES AND WARRANTS
NEVADA SILVER CORPORATION ANNOUNCES BROKERED PRIVATE PLACEMENT OFFERING OF COMMON SHARES AND WARR...
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[{"type":"text","content":"\n \n \n \n NEVADA SILVER CORPORATION ANNOUNCES BROKERED PRIVATE PLACEMENT OFFERING OF COMMON SHARES AND WARRANTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWS WIRES/\n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 12, 2022\n \n \n /CNW/ - Nevada Silver Corporation (\"\n \n NSC\n \n \" or the \"\n \n Company\n \n \") (TSXV: NSC) (OTCQB: NVDSF) is pleased to announce it has entered into an agreement with Cormark Securities Inc. (the \"\n \n Agent\n \n \"), acting as agent and sole bookrunner, in connection with a reasonable \"best efforts\" marketed offering of a minimum of 21,212,000 common shares (the \"\n \n Common Shares\n \n \") in the capital of the Company and 21,212,000 warrants (the \"\n \n Warrants\n \n \") and up to 30,303,000 Common Shares and 30,303,000 Warrants (the offer and sale of the Common Shares and Warrants collectively referred to as the \"\n \n Offering\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of\n \n $0.25\n \n per Common Share for a period of 24 months following the Closing Date (as herein defined). The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange is equal to or exceeds\n \n $0.30\n \n per Common Share for a period of 20 consecutive trading days (an \"\n \n Acceleration Event\n \n \"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event. The aggregate purchase price for one Common Share and one Warrant shall be\n \n $0.165\n \n , being\n \n $0.15\n \n per Common Share (the \"\n \n Common Share Offering Price\n \n \") and\n \n $0.015\n \n per Warrant, to raise aggregate gross proceeds of a minimum of\n \n $3.5 million\n \n and up to\n \n $5.0 million\n \n .\n \n \n The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between the Company and the Agent on ...