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Silver47 Exploration Corp ( (TSE:AGA) ) has issued an announcement.
Silver47 Exploration Corp. has closed an upsized bought deal public offering of 32.86 million units at $1.05 per unit, raising gross proceeds of approximately $34.5 million, including full exercise of the over-allotment option. The financing, which includes warrants exercisable at $1.40 through 2029 and remains subject to final TSX Venture Exchange approval, will fund the acceleration and expansion of drilling across the company’s silver projects as well as general corporate purposes, bolstering its ability to advance its U.S.-anchored silver portfolio in key North American mining jurisdictions.
More about Silver47 Exploration Corp
Silver47 Exploration Corp. is a North America-focused mineral exploration company specializing in uncovering and developing high-grade, silver-rich deposits. With operations in Alaska, Nevada and New Mexico, it is positioning itself as a leading U.S.-focused silver developer, supported by a substantial combined silver-equivalent resource base and listings on the TSX Venture Exchange and OTCQX markets.
Average Trading Volume: 1,182,915
Technical Sentiment Signal: Strong Buy
For a thorough assessment of AGA stock, go to TipRanks’ Stock Analysis page.