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GR Silver Mining Announces Closing of $7.35 Million Private Placement Offering of Special Warrants
GR Silver Mining Announces Closing of $7.35 Million Private Placement Offering of Special...
About this update from Gr Silver Mining Ltd.
[{"type":"text","content":"\n \n \n \n GR Silver Mining Announces Closing of $7.35 Million Private Placement Offering of Special 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 DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 29, 2022\n \n \n /CNW/ - GR Silver Mining Ltd. (\"GR Silver Mining\" or the \"Company\") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that it has completed its previously announced (see news release dated\n \n March 10, 2022\n \n ) best-efforts private placement offering (the \"Offering\"), issuing 27,236,755 special warrants of the Company (the \"Special Warrants\") at a price of\n \n $0.27\n \n per Special Warrant (the \"Issue Price\") for aggregate gross proceeds of\n \n $7,353,923.85\n \n , including 1,236,755 Special Warrants sold pursuant to the partial exercise of the option granted to the Agents (as defined herein) pursuant to the Agency Agreement (as defined herein).\n \n \n \n \n \n \n \n \n \n Each Special Warrant is automatically exercisable into one unit of the Company (a \"Unit\"), with each Unit being comprised of one common share in the capital of the Company (a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"), as described below. Each Warrant shall be exercisable to acquire one Share for a period of 36 months following closing of the Offering at an exercise price of\n \n $0.37\n \n per Share.\n \n \n All Special Warrants shall be automatically exercisable, for no additional consideration and without any further action on the part of the holder thereof, into Units on the date that is the earlier of:\n \n \n \n the fifth business day on which a final receipt is obtained from the British Columbia Securities Commission, on behalf of the securities regulatory authorities in each of the applicable Provinces of\n \n Canada\n \n (collectively, the \"Securities Commissions\"), for the ...