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SNS Silver Increases Non-Brokered Private Placement
SNS Silver Increases Non-Brokered Private Placement.
About this update from Jasperx Technologies Inc.
[{"type":"text","content":"\n\n\n\nTSX-V Trading Symbol: SNS\n\n\nVANCOUVER, June 5 /CNW/ - SNS Silver Corporation (TSX-V: SNS) ("SNS")\nannounces that it has increased the size of its previously announced\nnon-brokered private placement. SNS will now issue up to 5,000,000 Units\nthrough the non-brokered portion of the private placement, with no change to\nthe size of the previously announced brokered private placement of 6,000,000\nUnits being conducted by Pacific International Securities Inc and Research\nCapital Corporation. Total gross proceeds from the brokered and non-brokered\nprivate placements are now expected to be $13,750,000. All other terms\nregarding the private placement remain as announced in the SNS' press release\ndated May 1, 2007.\n\n\nSNS Silver Corp. owns 100% of the Crescent Mine in the Coeur d'Alene\nmining district. The Crescent Mine is a historic high-grade silver producer.\nFrom 1917-1982 the property produced 25 million ounces of silver at an average\ngrade of 27.3 ounces per ton. Prior to its last shut down in the 80's,\nprevious operators of the Crescent Mine reported over 9 million ounces of\nsilver resources at an average grade of 18 ounces per ton. The property lies\nbetween two world-class silver producers: the Sunshine mine which has produced\nmore than 300 million ounces of silver and the Bunker Hill mine, which has\nproduced over 150 million ounces of silver. The Coeur d'Alene district is the\nonly known mining district in North America to have produced over 1 billion\nounces of silver. SNS Silver (SNS) trades on the TSX-V under the symbol SNS.\nthe Company has approximately 29.2 million shares outstanding and\napproximately $9.0 million cash on hand.\n\n\nAll resource estimates quoted herein are based on data and reports\nobtained and prepared by previous operators. The Company has not completed the\nwork necessary to independently verify the classification of the mineral\nresource estimates and is not treating the mineral resource estimates as\nNational Instrument 43-101 defined resources verified by a qualified person.\nThe historical estimates should not be relied upon. The Crescent Mine will\nrequire considerable further evaluation, which the Company's management and\nconsultants are in the process of completing.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept the\n\n\nresponsibility f...