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GR Silver Mining Completes $3.03 Million Non-Brokered Private Placement Financing
GR Silver Mining Completes $3.03 Million Non-Brokered Private Placement Financing Canad...
About this update from Gr Silver Mining Ltd.
[{"type":"text","content":"\n \n \n \n GR Silver Mining Completes $3.03 Million Non-Brokered Private Placement Financing\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 Feb. 16, 2023\n \n \n /CNW/ -\n \n GR Silver Mining Ltd.\n \n (\"GR Silver Mining\" or the \"Company\") (TSXV: GRSL) (OTCQB: GRSLF) (FRA: GPE) – is pleased to announce it has increased and closed its non-brokered private placement (the \"\n \n Offering\n \n \") initially announced on\n \n January 31\n \n , 2023.  Under the Offering, the Company has issued 30,300,000 units for gross proceeds of\n \n $3,030,000\n \n .\n \n \n \n \n \n \n \n \n \n CEO and Chair\n \n Eric Zaunscherb\n \n commented, \"We are very grateful to our shareholders, both existing and new, for their support in completing this Offering, as well as the assistance of our capital markets partners. Management has been very pleased to see the progress being made at our Plomosas Project in\n \n Sinaloa, Mexico\n \n , and is very proud of the team on site that is responsible for this progress. We look forward to releasing the results of our updated mineral resource estimate before the end of this quarter as anticipated.\"\n \n \n In connection with the Offering, the Company paid a total of\n \n $116,940\n \n and issued a total of 1,169,400 warrants as finder's fees.  Each finder's warrant is exercisable for one common share at a price of\n \n $0.15\n \n for two years; except that, if the closing price of the Company's common shares on the TSX Venture Exchange (\"\n \n TSXV\n \n \") is equal to or exceeds\n \n $0.30\n \n for ten consecutive trading days, then the Company may anytime thereafter accelerate the expiry date of the warrants such that the new expiry date will be the tenth day following the date on which the Company issues notice to all the warrant holders of the new expiry date.\n \n \n All securiti...