Capitan Silver Sets C$1.5M Private Placement

Capitan Mining Inc (TSE:CAPT) has released an update.

Capitan Silver Corp., a junior exploration company, has announced its plan to raise C$1.5 million through a non-brokered private placement of 10 million shares, with the aim of advancing its Cruz de Plata gold-silver project in Mexico, funding potential acquisitions, and covering general corporate expenses. The placement, priced at C$0.15 per share, is set to close on March 29th, 2024, pending regulatory approval. The funds will also support the company’s working capital needs.

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