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Nevada Silver Corporation Announces Changes to Private Placement Financing and Confirms DTC Eligibility
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[{"type":"text","content":"Nevada Silver Corporation Announces Changes to Private Placement Financing and Confirms DTC EligibilityNot for distribution to United States newswire services or for dissemination in the United StatesTORONTO, ON / ACCESSWIRE / April 25, 2022 / Nevada Silver Corporation (\"NSC\" or the \"Company\") (TSXV:NSC)(OTCQB:NVDSF) further to its press release of March 3, 2022, today announces that the brokered private placement financing announced on that date has been terminated. The Company further announces that it is in advanced discussions with a number of interested parties on a non-brokered private placement financing with further details to be announced in due course.The Company also announces that the Depository Trust Company (\"DTC\") has made NSC common shares eligible for electronic deposit at the DTC. The Company believes being DTC eligible will make trading in its common shares on the OTCQB Venture Market more accessible to the US investment community.DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly-traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered \"DTC eligible\". Having DTC eligibility enables the NSC common shares to be distributed, settled, and serviced through DTC's automated processes. This allows for a more streamlined process of trading the NSC common shares in the United States while enhancing the liquidity of the common shares in the OTC capital markets.About Nevada Silver CorporationNevada Silver Corporation (TSXV: NSC)(OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-...