Sierra Madre Gold & Silver Ltd. (TSE:SM) has released an update.
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Sierra Madre Gold & Silver Ltd. has successfully completed a $1 million private placement, issuing over 3.5 million shares to fund the revival of its La Guitarra Silver-Gold Mine in Mexico. The shares, offered without a prospectus, are fully tradeable without any holding period restrictions. The raised capital will specifically support the mine’s care, maintenance, and restart plan.
For further insights into TSE:SM stock, check out TipRanks’ Stock Analysis page.