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Blende Silver Corp. ( (TSE:BAG) ) has provided an announcement.
Blende Silver Corp. has clarified terms of its recently closed non-brokered private placement, confirming that finder’s warrants carry the same terms as the offering warrants but are non-transferable. The company raised gross proceeds of $1.1 million through the issuance of 10 million units at $0.11 each, with attached warrants exercisable at $0.15 for three years and subject to an acceleration clause if the share price trades above a specified level.
The financing included modest insider participation deemed a related-party transaction but exempt from formal valuation and minority approval requirements under securities rules. Net proceeds will support general working capital and advancement of the Blende project in Yukon, while the placement, which also involves cash finder’s fees and additional finder’s warrants, remains subject to final approval from the TSX Venture Exchange.
More about Blende Silver Corp.
Blende Silver Corp. is a Vancouver-based junior resource company focused on exploration and development of silver, zinc, and lead at its flagship Blende Deposit in north-central Yukon. The 100% owned, winter-road-accessible property is the largest carbonate-hosted silver-zinc-lead deposit in Yukon and among the largest undeveloped deposits of its type in Western Canada, with extensive prior drilling and exploration investment.
Average Trading Volume: 167,026
Technical Sentiment Signal: Buy
Current Market Cap: C$8.51M
See more data about BAG stock on TipRanks’ Stock Analysis page.