El Tigre Silver Corp. Announces Closing of Private Placement
El Tigre Silver Corp. is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement. The Company closed the first tranche of the Private Placement on December 30, 2011. Aggregate gross proceeds from both the first and second tranches total $1,116,000. The final tranche consists of 1,528,000 units of the Company for aggregate gross proceeds of $382,000. 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.