Silver One Resources (TSE:SVE) has released an update.
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Silver One Resources Inc. has successfully completed an oversubscribed private placement financing, raising $5.9 million by issuing units that include common shares and purchase warrants. The funds are earmarked for exploration and development activities at their high-grade silver projects, including drilling and metallurgical work to potentially update resources and conduct an economic study. Investors are advised that the shares issued are restricted until October 2024, with proceeds also aimed at general working capital needs.
For further insights into TSE:SVE stock, check out TipRanks’ Stock Analysis page.