By Sheri Kasprzak
New York, Sept. 29 - Esperanza Silver Corp. said it has upsized its previously announced private placement to C$3,396,000.
The company will now sell 5.66 million units at C$0.60 each.
The units are comprised one share and one half-share warrant. The whole warrants are exercisable at C$0.85 each for two years.
The deal was first announced Sept. 22 as a C$3 million offering of 5 million units under the same terms.
Vancouver, B.C.-based Esperanza is a silver exploration and discovery company. The proceeds from the financing will fund continued exploration and serve as general working capital.
| Issuer: | Esperanza Silver Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3,396,000
|
| Units: | 5.66 million
|
| Price: | C$0.60 per unit
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.85
|
| Announcement date: | Sept. 22
|
| Upsized: | Sept. 29
|
| Stock price: | C$0.71 at close Sept. 22
|
| Stock price: | C$0.72 at close Sept. 29
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
