The portfolio being sold consists of three royalties and one silver stream, all of which are on assets not owned by Alamos. This includes a silver stream on the Esperanza project in Morelos, Mexico which was sold in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage projects located in Ontario, Canada.
Guanajuato Silver Company Ltd. is pleased to announce that it has closed the first tranche of its non-brokered Listed Issuer Financing Exemption private placement of up to 17,647,059 units at a price of C$0.425 per Unit for maximum gross proceeds of C$7.5 million.
“As we look forwards towards 2023 and the opportunity for value creation at Los Ricos, it cannot be understated what great position the Company is in with such a strong balance sheet. That, and the effects an increasing commodity price will have on Parral cash flows will allow us to fully take advantage of the opportunities that Los Ricos presents,” said Brad Langille, President and CEO.
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