Silver Bull Announces Private Placement of CDN$1,700,000, with Commitments of CDN$1,330,000 Including CDN$200,000 from Sprott
June 23, 2017
The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project. The Company has agreed to pay aggregate cash commissions of CDN$93,100 and issue an aggregate of 1,163,750 non-transferable common share purchase warrants, subject to approval of the TSX. Each Finders’ Warrant entitles the holder to acquire one Common Share for CDN$0.10 until the second anniversary of closing of the Private Placement.
