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The latest announcement is out from Roberto Resources, Inc. ( (TSE:PSIL) ).
Pacifica Silver Corp. has successfully closed the first tranche of a C$10 million private placement financing, raising C$9.55 million. This financing round welcomed prominent silver mining companies and investor Eric Sprott as new shareholders. The proceeds will fund an initial 8,000-metre drill program at the Claudia Project in Mexico, aimed at exploring its potential. The company anticipates closing the second tranche of the offering soon, with no finders’ fees paid. The participation of insiders in the offering is considered a related-party transaction but is exempt from certain regulatory requirements.
More about Roberto Resources, Inc.
Pacifica Silver Corp. is a Canadian resource company with a focus on mining and exploration in Mexico. The company is primarily engaged in developing its Claudia Project in Durango, Mexico, which spans 11,876 hectares and includes the historic El Papantón Mining District. Pacifica Silver also holds an option to acquire a 100% interest in the Janampalla Property in Central Perú, focusing on high-grade copper-gold mineralization.
Average Trading Volume: 44,626
Technical Sentiment Signal: Strong Buy
See more insights into PSIL stock on TipRanks’ Stock Analysis page.