Silicon Metals Corp. (CSE: SI) has successfully closed an increased non-brokered private placement, raising total gross proceeds of $820,000 through the issuance of 16,400,000 units at $0.05 per unit. Each unit consists of one common share and half a warrant, with whole warrants exercisable at $0.055 for 24 months.
The company will use the proceeds to advance its 100% owned Ptarmigan Silica Project in British Columbia, which recently received 5-year exploration permits, and fund initial work at the Sudbury-based Maple Birch Project with its Aggregate Production Permit. The offering includes an accelerator provision and resulted in $13,000 in fees and 260,000 finder’s warrants.
Silicon Metals Corp. (CSE: SI) ha completato con successo un aumento di un collocamento privato non intermediato, raccogliendo proventi lordi totali di $820,000 mediante…
