Greg Crowe, President and CEO noted: “It is very encouraging to see such strong investor interest in Silver One, in what is shaping up to be a resurgent silver and precious metals market. With the closing of the Private Placement Financing and the Transaction with First Mining, Silver One can now begin advancing its newly acquired silver assets.”
Keith Neumeyer, Chairman of First Mining stated, We are pleased to have completed this transaction with Silver One. We have confidence in Silver Ones management team and are looking forward to them advancing these under-explored properties further and unlocking their true value. Through the equity position that we now have in Silver One, along with our residual royalty interest in these three properties, our company will reap the benefits from continued exposure to the silver sector, and any future upside as sentiment in the mining sector continues to improve.
We are very pleased to receive high grade results right at the outset of our initial sampling program at La Quintera. stated Darrell Rader, President and CEO. We have now commenced an exploration program to locate further high grade silver zones and to define drill targets.
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