Business
Canada Silver Closes 2nd and Final Tranche of Private Placement
(TheNewswire) Coquitlam, BC, Canada - TheNewswire - November 27, 2023 - Silver ...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Closes 2nd and Final Tranche of Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Coquitlam, BC, Canada -\n \n \n TheNewswire -\n \n \n November 27, 2023 -\n \n \n Silver Cobalt Works Inc.\n \n \n (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)\n \n \n (the\n\"\n \n \n Company\n \n \n \" or \"\n \n \n Canada Silver Cobalt\n \n \n \") announces that\nfurther to its news release dated November 2, 2023 and November 6,\n2023 the Company has closed a 2\n \n \n nd\n \n \n and final\ntranche of a non brokered private placement by way of issuing\n18,250,000 Quebec flow-through units (“QFT Units”) at $0.04 per\nQFT Unit, for total gross proceeds of $730,000.  The Company raised a\ntotal of $1,630,000 in both tranches of the financing.\n \n \n \n \n Each QFT Unit is comprised of one common share\n(“Share”) and one half of one share purchase warrant (the\n“Warrant”).  Each whole Warrant will entitle the holder thereof\nto purchase one additional Share of the Company at an exercise price\nof $0.08 per share, for a period of two years from closing, subject to\nExchange approval.\n \n \n \n \n The QFT proceeds will be used for drilling and\nexploration work on the Company’s Lowney-Lac Edouard property,\nlocated in central Quebec\n \n \n .\n \n \n \n \n GloRes Securities Inc., the lead finder for the\n2\n \n \n nd\n \n \n tranche closing was paid $41,100 cash and 1,027,500 finder’s\nwarrants (“Finder Warrant”).  Qwest Investment Fund Management\nLtd. received $17,500 cash and 437,500 Finder’s Warrants.  Each\nFinder Warrant will entitle the Finder to purchase one Share of the\nCompany at an exercise price of $0.05 per Share, for a period of two\nyears from closing.\n \n \n The Finders fees paid in\nconnection with the private placement are subject to Exchange\napproval.\n \n \n \n \n All securities issued in connection with the private\nplacement will be subject to a four-month and a day hold period\nexpiring on March 28, 2024 in accordance with applicable Canadian\nSecurities Laws.\n \n \n \n \n About Canada Silver Cobalt Works\nInc.\n \n \n \n \n Canada Silver Cobalt Works Inc. recently discovered a\nmajor high-grade silver vein system at Castle East locate...