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Canada Silver Cobalt Completes Fully-Subscribed $7.5 Million Marketed Public Offering
(TheNewswire) Coquitlam, BC – TheNewswire - October 25, 2021 -...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Completes Fully-Subscribed $7.5 Million Marketed Public Offering\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire\n-\n \n \n October 25, 2021 - Canada Silver Cobalt Works\nInc.\n \n \n (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)\n(the \"\n \n \n Company\n \n \n \" or \"\n \n \n Canada Silver Cobalt\n \n \n \") announces that it\nhas completed a fully-subscribed marketed public offering by raising\ntotal proceeds of approximately $7.5 million, including approximately\n$975,000 following the exercise in full of an over-allotment option by\nResearch Capital Corporation and Canaccord Genuity Corp., the co-lead\nagents for the offering. At closing, Canada Silver Cobalt issued\n20,884,109 units (“\n \n \n Units”\n \n \n ) at a price of $0.21\n \n \n per Unit for proceeds of $4,385,663 and 13,431,900\nflow-through units (“\n \n \n FT\nUnits\n \n \n ”) at a price of $0.23 per FT Unit for\nproceeds of $3,089,337.\n \n \n \n \n Canada Silver Cobalt intends to use the proceeds from\nthe offering of the FT Units to incur Canadian Exploration Expenses\n \n \n \n \n on the\nCompany’s Castle Silver Mine property in Haultain and Nicol\nTownships, Ontario and to use the net proceeds from the offering of\nthe Units for continued exploration activities, working capital and\ngeneral corporate purposes.\n \n \n \n \n The offering was conducted on a \"best\nefforts\" agency basis and was co-led by Research Capital\nCorporation, as sole bookrunner, and Canaccord Genuity Corp.\n \n \n \n \n This press release shall not constitute an offer to\nsell or the solicitation of an offer to buy, nor shall there be any\nsale of these securities, in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to the registration or\nqualification under the securities laws of any such\njurisdiction.\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 located 1.5 km from\nits 100%-owned, past-producing Castle Mine near Gowganda in the\nprolific and world-class silver-cobalt mining district of Northern\nOntario. This discovery has the highest silver resource grade in the\nworld, with recent drill intercepts of up to 89,853 grams/ton...