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CORRECTION FROM SOURCE: Impact Silver Amends C$2.7 Million Non-Brokered Private Placement Financing to $3.5 Million
This document corrects and replaces the press release that was issued earlier today. The correcti...
About this update from Impact Silver Corp.
[{"type":"text","content":"CORRECTION FROM SOURCE: Impact Silver Amends C$2.7 Million Non-Brokered Private Placement Financing to $3.5 MillionThis document corrects and replaces the press release that was issued earlier today. The correction pertains to the details of the ½ warrant and the corrected press release follows in full below:Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") is pleased to announce it has upsized the non-brokered private placement financing, pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106 - Prospectus Exemptions, originally for proceeds of up to $2.7 million to $3.5 million due to increased investor demand. Company will issue up to 20,588,235 units at a price of $0.17 per Unit (the \"Offering Price\").Each unit will consist of one common share of the company and one half of one common share purchase warrant, each warrant entitling the holder thereof to acquire one share of the Company at a price of 22 cents per share for a period of 24 months from the closing date of the Offering.The Company intends to use the proceeds from the offering to accelerate exploration activity at the recently acquired Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, as well as for working capital requirements and other general corporate purposes including legal and financing fees related to the offering. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world.The securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Liste...