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Magma Silver ( (TSE:MGMA) ) has provided an update.
Magma Silver Corp. has entered into an investor relations agreement with Toronto-based Proconsul Capital Ltd., under which Proconsul will provide strategic communication services for a monthly fee and receive 150,000 stock options exercisable at $0.33 per share over two years, vesting in stages. The company also clarified that 128,409 previously announced shares were issued at a deemed price of $0.22, a move that, together with the new communications mandate, underscores Magma Silver’s efforts to raise its capital markets profile and provide greater transparency as it advances its flagship Niñobamba silver-gold project in Peru.
More about Magma Silver
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing and operating precious metal mining projects, with its primary emphasis on advancing the Niñobamba pure silver-gold project in Peru. Listed on the TSX Venture Exchange, OTCQB and Frankfurt Exchange, the company is targeting a low-cost open-pit mine along an 8-kilometre mineralized corridor in a well-established epithermal belt, leveraging more than C$14.5 million of prior exploration work, strong local community relationships, solid infrastructure and a regional technical team with over five decades of mining experience in Peru.
Average Trading Volume: 258,135
Technical Sentiment Signal: Buy
Current Market Cap: C$22.3M
Learn more about MGMA stock on TipRanks’ Stock Analysis page.