01:07:14 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



GR Silver Mining Ltd
Symbol GRSL
Shares Issued 231,479,806
Close 2023-07-10 C$ 0.075
Market Cap C$ 17,360,985
Recent Sedar Documents

GR Silver Mining arranges $1-million private placement

2023-07-11 11:11 ET - News Release

Mr. Eric Zaunscherb reports

GR SILVER MINING ANNOUNCES UP TO $1 MILLION PRIVATE PLACEMENT FINANCING

GR Silver Mining Ltd. has arranged a non-brokered private placement of units at a purchase price of 7.5 cents per unit to raise total gross proceeds of up to $1-million. Each unit will consist of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company at a price of 12 cents at any time on or before the date which is 24 months after the closing date of the offering.

The gross proceeds received from the sale of the units will be used for advancement of studies on the company's Plomosas project and for general working capital.

The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange.

All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V.

About GR Silver Mining Ltd.

GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100-per-cent-owned assets, located on the eastern edge of the Rosario mining district, southeast of Sinaloa state, Mexico. GR Silver Mining controls 100 per cent of two past-producing precious metal underground and open-pit mines, within the expanded Plomosas project, including the integrated San Marcial area and La Trinidad acquisition. In conjunction with a portfolio of early-to-advanced-stage exploration targets, the company holds 734 square kilometres of concessions containing several structural corridors totalling over 75 kilometres in strike length.

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