Business
Prince Silver Corp. Announces Closing of $1.25 Million Non-Brokered Private Placement
Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / ACCESS Newswire / September 12, 2025 / Prince ...
About this update from Hawthorn Resources Limited
[{"type":"text","content":"Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.","length":189,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / September 12, 2025 / Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTC PINK:PRNCF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") for total gross proceeds of $1,250,000.","length":323,"tagName":"p"},{"type":"text","content":"The Company issued 3,125,000 units ("Units") at a price of $0.40 per Unit. Each Unit consists of one common share (a "Common Share") and one-half common share purchase warrant, with each whole warrant exercisable to acquire one Common Share at a price of $0.60 for a period of 12 months from the date of issuance.","length":333,"tagName":"p"},{"type":"text","content":"In connection with the Private Placement, the Company paid aggregate cash finders fees of $16,695, representing 7% of the proceeds raised from certain arm's length subscribers. All securities issued under the Private Placement are subject to a hold period of four months and one day from the date of issuance pursuant to applicable securities laws and the policies of the Canadian Securities Exchange.","length":405,"tagName":"p"},{"type":"text","content":"The net proceeds from the Private Placement will be used to increase the planned reverse circulation drill program from 6,500 m (20,000 ft) to approximately 8,200 M (27,000 ft) at the Company's 100% owned Prince Silver Project in Nevada, USA, and for general corporate working capital purposes.","length":298,"tagName":"p"},{"type":"text","content":"About Prince Silver Corp. Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. The known deposit identified with historic drilling is open in all directions and is near surface. Prince Silver Corp also holds interest in the Stampede Gap Project a district scale copper-gold-moly porphyry system located ~15km NNM of the Prince Silver Project and, holds option interest in the Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Cana...