RSS SubscribeVancouver, British Columbia–(Newsfile Corp. – February 24, 2025) – Silver47 Exploration Corp. (TSXV: AGA) (“Silver47” or the “Company), is pleased to announce that, due to strong investor demand, it has increased the size and modified its non-brokered private placement previously announced on February 19, 2025 (the “Offering” ).
The Offering will include the sale of the following securities (collectively, the “Securities“):
- Up to 15,000,000 units of the Company at $0.50 each (the “Units“), for aggregate gross proceeds of up to $7,500,000. Each Unit will consist of one common share in the capital of the Company (a “Common Share“) and one-half of one Common Share purchase warrant (a “Half-Warrant“, with two Half-Warrants being referred to as a “Warrant“). Each Warrant shall entitle the holder thereof to acquire one Common Share (each, a “Warrant Share“) at a price of $0.75 within 36 months following issuance; and
- Up to 877,192 flow-through units of the Company (the “FT Units“) at a price of $0.57 per FT Unit, for aggregate gross proceeds of up to $500,000. Each FT Unit will consist of one Common Share and a Half-Warrant (subject to the same terms as indicated above), each issued as a “flow-through share” pursuant to the Income Tax Act (Canada).