Defiance Silver (TSE:DEF) has released an update.
Defiance Silver Corp. successfully completed the first tranche of a non-brokered private placement, raising C$1,094,000 with the sale of units at C$0.10 each, including common shares and warrants. The funds are earmarked for exploration and general capital needs, while the securities are subject to a four-month hold period. Key insiders, including the CEO, a Director, and the Vice President of Exploration, participated in the placement, collectively purchasing C$140,000 worth of units.
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