VANCOUVER, BC / ACCESSWIRE / April 4, 2024 / SILVER X MINING CORP. (TSX-V:AGX) (F:AGX) (“Silver X” or the “Company”) announces that the Company has closed the first tranche of its previously announced non-brokered private placement offering (the “Private Placement”) with the placement of 6,156,199 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $1,108,116.
Each Unit consists of one common share (a “Share”) and one half of one Share purchase warrant (a “Warrant”) with each whole Warrant entitling the holder to purchase one Share of the Company at a price of $0.30 per Share for a period of 36 months from the date of closing of the Private Placement (the “Closing Date”).
Proceeds of the Private Placement will be used for capital expenditures and exploration related to the Nueva Recuperada Silver District in Peru (the “Project”) and potential acquisitions of assets.
All securities issued and issuable in connection…
