Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Hawthorn Resources Corp. ( (TSE:PRNC) ) just unveiled an update.
Prince Silver Corp. has closed an upsized non-brokered private placement, raising total gross proceeds of $4.75 million through the issuance of 6,785,713 units at $0.70 each, with each unit including one common share and a half warrant exercisable at $1.00 for two years. The financing, supported strongly by founders and insiders and bringing the company’s treasury to over $8 million, fully funds a second phase of reverse circulation and infill drilling at the Prince Silver Project, as well as work toward a maiden mineral resource estimate, ongoing metallurgical studies and general corporate purposes, potentially accelerating the company’s move toward defining a compliant resource and strengthening its position in the Nevada silver exploration space.
More about Hawthorn Resources Corp.
Prince Silver Corp. is a Vancouver-based silver exploration company focused on advancing its past-producing Prince Silver-Zinc-Manganese-Lead Mine in Nevada, U.S. The project hosts near-surface mineralization historically tested by more than 129 drill holes and remains open in all directions, underpinning plans for a maiden NI 43-101 compliant resource estimate. The company also holds an interest in the nearby Stampede Gap copper-gold-molybdenum porphyry project, emphasizing a portfolio of high-potential, strategically located U.S. exploration assets.
Average Trading Volume: 107,643
Technical Sentiment Signal: Buy
For an in-depth examination of PRNC stock, go to TipRanks’ Overview page.