Silver Bullet Mines Corp. Announces Successful Financing
Silver Bullet Mines Corp. (SBMCF) has successfully closed the first tranche of its financing, raising $514,000 through the issuance of 4,283,333 Units at $0.12 per Unit. Each Unit includes one common share and one full warrant exercisable at $0.16 with a 36-month term, with no acceleration clause.
The funds will be allocated to accelerate development programs at two key properties: the Super Champ Mine in Arizona and the Washington Mine Property in Idaho, as well as for working capital. The company may pay referral fees to arm's length persons in connection with the Unit issuance.
Silver Bullet Mines Corp. (SBMCF) ha chiuso con successo la prima tranche del suo finanziamento, raccogliendo $514.000 tramite l'emissione di 4.283.333 Unità a $0,12 per Unità. Ogni Unità comprende un'azione ordinaria e un warrant completo esercitabile a $0,16 con un termine di 36 mesi, senza clausola di accelerazione.
I fondi saranno destinati ad accelerare i programmi di sviluppo presso due proprietà chiave: la Super Champ Mine in Arizona e la Washington Mine Property in Idaho, oltre che per il capitale circolante. L'azienda potrebbe pagare commissioni di riferimento a persone indipendenti in relazione all'emissione delle Unità.
Silver Bullet Mines Corp. (SBMCF) ha cerrado con éxito la primera tranche de su financiamiento, recaudando $514,000 a través de la emisión de 4,283,333 Unidades a $0.12 por Unidad. Cada Unidad incluye una acción común y un warrant completo ejercitable a $0.16 con un plazo de 36 meses, sin cláusula de aceleración.
Los fondos se destinarán a acelerar los programas de desarrollo en dos propiedades clave: la Super Champ Mine en Arizona y la Washington Mine Property en Idaho, así como para capital de trabajo. La compañía puede pagar comisiones de referencia a personas independientes en relación con la emisión de Unidades.
실버 불릿 마인즈 코퍼레이션(SBMCF)는 첫 번째 자금 조달의 단계 종료에 성공하여 $514,000을 모금했습니다. 이는 4,283,333 개 유닛을 유닛당 $0.12에 발행한 결과입니다. 각 유닛은 하나의 일반 주식과 $0.16에 행사할 수 있는 전체 워런트를 포함하며, 36개월의 기간이 있으며 가속 조항은 없습니다.
자금은 두 주요 자산인 아리조나의 슈퍼 챔프 광산과 아이다호의 워싱턴 광산 부지에서 개발 프로그램을 가속화하는 데 배분되며, 운전 자본에도 사용할 예정입니다. 회사는 유닛 발행과 관련하여 제3자에게 리퍼럴 수수료를 지급할 수 있습니다.
Silver Bullet Mines Corp. (SBMCF) a réussi à clore la première tranche de son financement, levant $514,000 grâce à l'émission de 4.283.333 unités à $0,12 par unité. Chaque unité comprend une action ordinaire et un bon de souscription complet exerçable à $0,16 avec un terme de 36 mois, sans clause d'accélération.
Les fonds seront alloués à l'accélération des programmes de développement sur deux propriétés clés : la Super Champ Mine en Arizona et la Washington Mine Property en Idaho, ainsi que pour le fonds de roulement. La société peut verser des frais de recommandation à des personnes indépendantes en lien avec l'émission d'unités.
Silver Bullet Mines Corp. (SBMCF) hat erfolgreich die erste Tranche ihrer Finanzierung abgeschlossen und $514.000 durch die Ausgabe von 4.283.333 Einheiten zu je $0,12 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine vollständige Optionsscheine, die bei $0,16 ausübbar sind, mit einer Laufzeit von 36 Monaten und ohne Beschleunigungsklausel.
Die Mittel werden verwendet, um Entwicklungsprogramme an zwei Schlüsselimmobilien zu beschleunigen: der Super Champ Mine in Arizona und dem Washington Mine Property in Idaho, sowie für Betriebskapital. Das Unternehmen kann Vermittlungsgebühren an unabhängige Personen im Zusammenhang mit der Ausgabe der Einheiten zahlen.
- Secured $514,000 in new financing
- Warrants have no acceleration clause, providing stability for investors
- Funds allocated for development of two mining properties
- Potential shareholder dilution from 4,283,333 new units
- Additional dilution possible if warrants are exercised
Burlington, Ontario--(Newsfile Corp. - January 2, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (SBMI or the Company) announces it has closed on
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/235877
FAQ
How much did Silver Bullet Mines (SBMCF) raise in its recent financing?
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