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IMPACT Silver Announces Financing of up to $1.5 Million
IMPACT Silver Announces Financing of up to $1.5 Million Canada NewsWire VANCOUVE...
About this update from Impact Silver Corp.
[{"type":"text","content":"\n\n\n\nIMPACT Silver Announces Financing of up to $1.5 Million\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 6, 2018\n\n\n\nTrading Symbol: \"IPT: TSX.V\"\n VANCOUVER, Nov. 6, 2018 /CNW/ - IMPACT Silver Corp. (\"IMPACT\" or the \"Company\") is pleased to announce that it will conduct a non-brokered private placement (the \"Private Placement\") of up to 5,555,555 units (the \"Units\") of the Company at the price of $0.27 per Unit.\nEach unit will include one common share in the capital of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant will be exercisable into one Share at an exercise price of $0.35 for 2 years from the date such Warrant is issued.  \nThe Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.\nIt is expected that the closing of the Private Placement will occur in one or more tranches, with the first tranche closing on or about November 14, 2018. The Private Placement is subject to the receipt of approval of the TSX Venture Exchange. The securities issued under the Private Placement will be subject to a hold period of four months and one day from the applicable closing date. The Company reserves the right to increase the size of the Private Placement by up to 20%.\nAbout IMPACT Silver:\nIMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 357km2 in central Mexico with excellent infrastructure and labor force. Over the past thirteen years over 8.1 Moz of Silver has been produced, generating revenues of $168 million, with no long-term debt. In the historic Royal Mines of Zacualpan Silver District three underground silver mines feed the central 535 TPD Guadalupe processing plant. To the south, in the Mamatla District the Capire processing plant is ...