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 $0.50 Million Private Placement
Defiance Silver Corp announced a non-brokered private placement of up to 3,333,400 units of the Company at a price of $0.15 per Unit for gross proceeds of up to $500,000. The Offering is subject to an overallotment option whereby the Company may increase the Offering by up to 50% depending on market demand. Each Unit will consist of one common share of the Company and one full common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company for a period of two years from the closing date of the Offering at a price of $0.25 per common share during year one and $0.35 during year two. The proceeds from the offering will be used at the discretion of the Company for: metallurgical testing, ongoing refurbishment of the Santa Gabriela Mill, development of the San Acacio Silver Mine, and for general working capital purposes.
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