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US Silver and Gold Inc Completes Private Placement for $5.78 Million


Thursday, 22 Aug 2013 04:30pm EDT 

US Silver and Gold Inc announced that it has closed its previously announced non-brokered private placement for gross proceeds of approximately CAD5.78 million (the Private Placement) consisting of 9,636,331 units (Units) at a price of CAD0.60 per Unit. U.S. Silver & Gold intends to use the proceeds to continue development of the low capital intensity, high potential Caladay Zone and for general administrative and corporate costs. Each Unit consisted of one common share and one half of one common share purchase warrant (each whole purchase warrant, a Warrant). Each Warrant entitles the holder to acquire one common share at an exercise price of CAD0.75 for a period of three years from August 22, 2013. 

Company Quote

0.42
0.01 +2.44%
25 Nov 2014