Business
Norseman Silver Inc. Announces $1,000,000 Non-Brokered Financing
(TheNewswire) Vancouver, British Columbia – TheNewswire - December 5, 2023 &...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Norseman Silver Inc. Announces $1,000,000 Non-Brokered Financing\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n December 5, 2023 – Norseman Silver Inc.\n(TSXV:NOC)\n \n \n (“\n \n \n Norseman\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce a non-brokered private placement\nof up to 10,000,000 units of the Company (each, a “\n \n \n Unit\n \n \n ”) at a price\nof $0.10 per Unit for aggregate gross proceeds to the Company of up to\n$1,000,000\n \n \n , subject to an over-allotment option\npursuant to which it may increase the Offering by up to\n$500,000\n \n \n (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n Each Unit shall be comprised of one common share in the\ncapital of the Company (each, a “\n \n \n Share\n \n \n ”) and one\nhalf of one common share purchase warrant (each whole warrant, a\n“\n \n \n Warrant\n \n \n ”), with each Warrant entitling the holder thereof to\npurchase one additional common share at an exercise price of $0.15 for\na period of two years from the Closing Date.\n \n \n \n \n The gross proceeds raised from the sale of Units will\nbe used to advance its exploration programs and for general corporate\nmatters. The Offering will be conducted in all provinces of Canada\npursuant to private placement exemptions. The closing of the Offering\nis subject to, among other things, the receipt of all necessary\napprovals from the TSX Venture Exchange (the “\n \n \n TSXV\n \n \n ”).\n \n \n \n \n Pursuant to applicable Canadian securities laws, all\nsecurities issued and issuable in connection with the Offering will be\nsubject to a four (4) month hold period commencing on the Closing\nDate.\n \n \n \n \n For further information, please contact:\n \n \n \n \n Sean Hurd\n \n \n \n \n Chief Executive Officer\n \n \n \n \n T: 604 505-4554\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 no...