Business
GSilver Company Expands Private Placement to $9.52M
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About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"GSilver Company Expands Private Placement to $9.52MTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / December 6, 2021 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) announces a further increase to its non-brokered private placement.Private Placement:GSilver announces that due to additional increased demand the Company has again expanded the size of its non-brokered private placement financing announced on November 18, 2021 and expanded on November 29, 2021(the \"Private Placement\"). Subject to acceptance of the TSX Venture Exchange, the Private Placement will now consist of a total of 17,322,488 units (\"Units\") at a price of $0.55 per Unit for gross proceeds of $9,527,368.40 Each Unit consists of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a \"Warrant\"); with each Warrant entitling the holder to purchase an additional common share of the Company at a price of $0.75 within two years of closing, subject to acceleration in certain events. All other terms of the Private Placement as announced on November 18, 2021 remain the same.The Company closed an initial tranche of 14,901,672 Units for gross proceeds of $8,195,920 on November 30, 2021. It is anticipated that the balance of the Private Placement will be completed tomorrow, December 7, 2021. All securities issued in connection with the final tranche of the Private Placement will be subject to a four month hold period.About Guanajuato Silver Co. Ltd.:GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold at its 100% owned El Cubo Mine, while simultaneously advancing the nearby El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.ON BEHALF OF THE BOARD OF DIRECTORS\"James Anderson\"Chairman and CEOFor further information regarding Guanajuato Silver Co. Ltd, please contact:JJ Jennex, Gerente de ComunicacionesT: 604 7213 1433E: [email protected] Gsilver.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TS...