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Hawthorn Resources Corp. ( (TSE:PRNC) ) has issued an announcement.
Prince Silver Corp. has increased its previously announced non-brokered private placement from $3 million to up to $4.75 million, citing strong demand from existing and new investors as it advances its flagship Prince Silver Project in Nevada. The upsized financing, consisting of up to 6,785,714 units at $0.70 per unit with accompanying warrants, is expected to fund the next phase of drilling, a maiden mineral resource estimate, ongoing metallurgical work and general working capital, potentially accelerating the company’s path toward defining a compliant resource and strengthening its position in the North American silver and base metals 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, which features near-surface mineralization historically tested by more than 129 drill holes and remains open in all directions. The company is working toward a maiden NI 43-101 compliant resource estimate at the Prince Project and also holds an interest in the nearby Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system, underscoring its strategy of targeting high-potential, strategically located exploration assets in the U.S. West.
Average Trading Volume: 106,759
Technical Sentiment Signal: Buy
See more insights into PRNC stock on TipRanks’ Stock Analysis page.