Defiance Silver Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Defiance Silver Corp Announces Private Placements Of Up To $ 6 Million
Defiance Silver Corp announced that it has engaged Union Securities Ltd. to act as its agent, on a commercially reasonable efforts basis, in the offering of up to 8,000,000 units of the Company at a price of $0.50 per Unit for gross proceeds of up to $4,000,000. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company for a period of twelve months from the closing date of the Offering at a price of $0.65 per common share. A concurrent non-brokered private placement of up to $2,000,000 will be arranged by the Company on the same terms as the Offering. The non-brokered private placement will close on or before the Offering. The proceeds from the Offering will be used to continue development of the Company's projects in Zacatecas Silver Mining District in Zacatecas State Mexico, including refurbishing the Santa Gabriela Mill, development of the San Acacio mine, and for general working capital purposes.
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