Private Placement and Appendix 3B

Summary by 6ix AI

Silver Mines Limited has announced a private placement to raise funds through the issuance of shares and options to sophisticated investors, subject to shareholder approval. The placement aims to raise funds for a diamond drilling program at the Webbs Silver Project. The company also reported that a number of unlisted employee options have lapsed.

Written by 6ix AI from the company’s filing. How 6ix writes summaries