Business
Norseman Silver Announces Closing of Private Placement
(TheNewswire) Vancouver, British Columbia - TheNewswire – Augu...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Norseman Silver Announces Closing of Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire\n \n \n – August 19, 2021\n \n \n – Norseman Silver Inc. (TSXV:NOC) (“\n \n \n Norseman\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce that it has closed its previously\nannounced non-brokered private placement consisting of 4,771,488 units\n(each, a “\n \n \n Unit\n \n \n ”) at a price of $0.33 per Unit for gross proceeds of\n$1,574,591 (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n Each Unit consists of one common share of the Company\n(a “\n \n \n Share\n \n \n ”) and one Share purchase warrant (a “\n \n \n Warrant\n \n \n ”). Each\nWarrant entitles the holder thereof to acquire one additional Share (a\n“\n \n \n Warrant Share\n \n \n ”) at a price of $0.43 per Warrant Share for a period of\ntwo years from closing of the Offering. All securities issued pursuant\nto the Offering are subject to a statutory hold period of four months\nfrom closing of the Offering. The Offering is subject to the final\nacceptance of the TSX Venture Exchange.\n \n \n \n \n The Company intends to use proceeds from the Offering\nfor drilling on the Silver Vista property and exploration on\nNorseman’s silver assets in British Columbia and Argentina, as well\nas general corporate and working capital purposes.\n \n \n \n \n This press release does not constitute an offer to sell\nor a solicitation of an offer to buy any of the securities in the\nUnited States. The securities have not been and will not be registered\nunder the United States Securities Act of 1933, as amended, or any\nstate securities laws and may not be offered or sold within the United\nStates or to or for the account or benefit of a U.S. person (as\ndefined in Regulation S under the United States Securities Act) unless\nregistered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is\navailable.\n \n \n \n \n On behalf of Norseman Silver Inc.\n \n \n \n \n Sean Hurd\n \n \n \n President and CEO\n \n \n \n \n For further information, please\ncontact:\n \n \n \n \n Sean Hurd\n \n President and CEO\n \n \n \n \n [email protected]\n \n...