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GR Silver Mining Announces Private Placement Repricing
GR Silver Mining Announces Private Placement Repricing Canada NewsWire /NOT F...
About this update from Gr Silver Mining Ltd.
[{"type":"text","content":"\n \n \n \n GR Silver Mining Announces Private Placement Repricing\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 \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 \n VANCOUVER, BC\n \n \n ,\n \n \n July 31, 2023\n \n \n /CNW/ -\n \n GR Silver Mining Ltd.\n \n (\"GR Silver Mining\" or the \"Company\") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces that it has repriced the non-brokered private placement of units (each, a \"\n \n Unit\n \n \") for gross proceeds of up to\n \n $1 million\n \n (the \"\n \n Offering\n \n \"), previously announced\n \n July 11\n \n . The price per Unit has been repriced from\n \n $0.075\n \n to\n \n $0.05\n \n per Unit. Each Unit will consist of one common share of the Company and one-half (½) of one common share purchase warrant.  Under the new terms, each whole warrant will entitle the holder to purchase one common share of the Company at a price of\n \n $0.08\n \n , reduced from\n \n $0.12\n \n , at any time on or before that date which is 24 months after the closing date of the Offering.\n \n \n \n \n \n \n \n \n \n The gross proceeds received from the sale of the Units will be used for the advancement of studies on the Company's Plomosas Project and for general working capital.\n \n \n The Units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation.  The Company will pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV.\n \n \n All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance.  Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.\n \n \...