Blende Silver Corp. Announces $1.1 Million Private Placement to Fund Yukon Project

Blende Silver Corp. ( (TSE:BAG) ) just unveiled an update.

Blende Silver Corp. has launched a non-brokered private placement of up to 10 million units at $0.11 per unit to raise as much as $1.1 million, with each unit comprising one common share and half a warrant exercisable at $0.15 for three years, subject to an acceleration clause tied to share price performance. The company plans to use the proceeds for general working capital and to advance its Blende project in Yukon, with securities subject to a four-month hold period, providing additional funding to support ongoing exploration and development of its key silver-zinc-lead asset.

More about Blende Silver Corp.

Blende Silver Corp. is a Vancouver-based junior resource company focused on silver, zinc and lead exploration and development at its 100%-owned flagship Blende Deposit in north-central Yukon. The property is the largest carbonate-hosted silver-zinc-lead deposit in Yukon and among the largest undeveloped deposits of its kind in Western Canada, covering 5,345 hectares, accessible by winter road and located 63 km northeast of Keno Hill, with over $9.2 million in historical exploration work including extensive drilling.

Average Trading Volume: 147,366

Technical Sentiment Signal: Buy

Current Market Cap: C$13.84M

See more data about BAG stock on TipRanks’ Stock Analysis page.