El Tigre Silver Corp. Announces First Closing of Financing
December 30, 2011
El Tigre Silver Corp. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of 2,936,000 units of the Company for aggregate gross proceeds of $734,000. Each Unit consists of common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder to acquire an additional common share of the Company for a period of 2 years from the date of issue at a price of $0.40 per share.
