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Roberto Resources, Inc. ( (TSE:PSIL) ) has shared an update.
Pacifica Silver Corp. has closed an upsized brokered private placement of 15.87 million common shares at $1.45 per share, raising gross proceeds of $23.0 million with full exercise of the agents’ option and notable participation from new precious metals funds as well as existing strategic shareholders including Vizsla Silver, First Majestic Silver, Silvercorp Metals and investor Eric Sprott. The financing, conducted under Canadian listed issuer financing rules and supported by a syndicate led by Raymond James Ltd., will fund accelerated exploration and year-round, multi-rig drilling at the company’s Claudia Silver-Gold Project in Durango, Mexico, bolstering Pacifica’s ability to systematically test high-priority targets and potentially enhance its position in the silver mining sector, while a modest insider participation is being treated as a related-party transaction under MI 61-101 but is exempt from formal valuation and minority approval requirements.
More about Roberto Resources, Inc.
Pacifica Silver Corp. is a Canadian resource company focused on precious metals exploration in Mexico. Led by a management team with decades of mining and exploration experience, the company’s primary asset is its 100%-owned Claudia Silver-Gold Project in Durango, Mexico, a 11,876-hectare land package covering much of the historic El Papantón Mining District, where multiple small mines have previously operated.
Average Trading Volume: 165,074
Technical Sentiment Signal: Buy
Current Market Cap: C$87.85M
For detailed information about PSIL stock, go to TipRanks’ Stock Analysis page.