Silver Bullet Mines Corp. Announces Extension of Closing Date of Financing
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) has received TSXV approval to extend the closing date of its previously announced financing by 30 days from January 24, 2025. The private placement consists of Units priced at $0.12 per Unit, with each Unit including one common share and one full warrant at $0.16 with a 36-month term.
The funds will be allocated to accelerated development programs at both the Super Champ Mine in Arizona and the Washington Mine Property in Idaho, as well as working capital. The warrants have no acceleration clause, and referral fees may be paid to arm's length persons for Unit issuance.
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) ha ricevuto l'approvazione dalla TSXV per estendere la data di chiusura della sua finanziamento precedentemente annunciato di 30 giorni, dal 24 gennaio 2025. Il collocamento privato consiste in Unità prezzate a $0.12 per Unità, con ogni Unità che include un'azione comune e un warrant completo a $0.16 con una durata di 36 mesi.
I fondi saranno destinati a programmi di sviluppo accelerato sia presso la Super Champ Mine in Arizona sia presso la Washington Mine Property in Idaho, oltre a capitale di lavoro. I warrant non hanno clausola di accelerazione e possono essere pagate commissioni di riferimento a persone indipendenti per l'emissione delle Unit.
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) ha recibido la aprobación de TSXV para extender la fecha de cierre de su financiación previamente anunciada por 30 días a partir del 24 de enero de 2025. La colocación privada consiste en Unidades valoradas en $0.12 por Unidad, donde cada Unidad incluye una acción común y un warrant completo a $0.16 con un plazo de 36 meses.
Los fondos se destinarán a programas de desarrollo acelerado tanto en la Super Champ Mine en Arizona como en la Washington Mine Property en Idaho, así como a capital de trabajo. Los warrants no tienen cláusula de aceleración y se pueden pagar comisiones de referencia a personas independientes por la emisión de Unidades.
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF)는 이전에 발표된 자금 조달 마감일을 2025년 1월 24일부터 30일 연장하는 TSXV 승인을 받았습니다. 민간 배치는 $0.12의 가격으로 단위당 발행되며, 각 단위는 하나의 보통주와 36개월 기간의 $0.16의 전체 보증서를 포함합니다.
펀드는 아리조나의 Super Champ Mine와 아이오와의 Washington Mine Property에서의 가속 개발 프로그램 및 운영 자본에 배분될 예정입니다. 보증서에는 가속 조항이 없으며, 독립된 개인에게 유닛 발행을 위한 소개 수수료가 지급될 수 있습니다.
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) a obtenu l'approbation de la TSXV pour prolonger la date de clôture de son financement précédemment annoncé de 30 jours à compter du 24 janvier 2025. Le placement privé consiste en des unités au prix de $0.12 par unité, chaque unité comprenant une action ordinaire et un warrant complet à $0.16 d'une durée de 36 mois.
Les fonds seront affectés à des programmes de développement accéléré tant à la Super Champ Mine en Arizona qu'à la Washington Mine Property en Idaho, ainsi qu'à des fonds de roulement. Les warrants n'ont pas de clause d'accélération et des frais de recommandation peuvent être versés à des personnes indépendantes pour l'émission des unités.
Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) hat die Genehmigung von TSXV erhalten, um das Abschlussdatum seiner zuvor angekündigten Finanzierung um 30 Tage bis zum 24. Januar 2025 zu verlängern. Die Privatplatzierung besteht aus Einheiten zum Preis von $0.12 pro Einheit, wobei jede Einheit eine Stammaktie und einen vollständigen Warrant zu $0.16 mit einer Laufzeit von 36 Monaten umfasst.
Die Mittel werden für beschleunigte Entwicklungsprogramme sowohl in der Super Champ Mine in Arizona als auch im Washington Mine Property in Idaho sowie für Betriebskapital verwendet. Die Warrants haben keine Beschleunigungsklausel, und es können an unabhängige Personen Vermittlungsgebühren für die Emission von Einheiten gezahlt werden.
- Secured TSXV approval for financing extension
- Funding allocated for accelerated development of two mine properties
- 36-month warrant term provides extended investment opportunity
- Need for financing extension could indicate challenges in raising capital
- Potential dilution for existing shareholders through new unit issuance
Burlington, Ontario--(Newsfile Corp. - January 21, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:SBMCF) (SBMI or the Company) announces it has received approval from the TSXV to extend the closing of its previously announced financing by 30 days from the original closing date of January 24, 2025.
As previously announced, the private placement financing consists of Units, with each Unit priced at
These funds will be used to finance an accelerated development program at the Super Champ Mine in Arizona, an accelerated development program at the Washington Mine Property in Idaho, and working capital.
Referral fees may be paid to arm's length persons in connection with the issuance of the Units.
For further information, please contact:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-Looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237910
FAQ
What are the terms of SBMCF's January 2025 private placement financing?
How will SBMCF use the proceeds from its latest financing round?
What is the new closing date for SBMCF's financing after the extension?
Are there any referral fees associated with SBMCF's private placement?
