VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Saville Resources Inc. (TSXV:SRE)(FSE:S0J) (the “Company“) is pleased to announce it has closed its upsized non-brokered private placement of 20,805,000 units (“Units“) at a price of $0.05 per Unit for gross aggregate proceeds of $1,040,250 (the “Offering“). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to acquire one common share of the Company at a price of $0.075 per share for a period of 12 months from the date of issuance. For more information concerning the Offering, please see the Company’s news releases dated May 1, 2024 and May 10, 2024.
The Company expects to use the net proceeds of the Offering for general corporate purposes and working capital. The Offering remains subject to acceptance by the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a…
