![]() Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the proposed use of proceeds from the Offering. Securities Act and applicable state securities laws or an exemption from such registration is available. Securities Act) unless registered under the U.S. person (as defined in Regulation S under the U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. This new release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. You need JavaScript enabled to view it.Ĭontinue to watch our progress at: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. JJ Jennex, Communications Manager, +1 (604) 723-1433Įmail: This email address is being protected from spambots. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.įor further information regarding Guanajuato Silver Co. The Company continues to delineate additional silver and gold resources through underground drilling at El Cubo and its nearby El Pinguico project. GSilver mines and processes silver and gold concentrate from its El Cubo mine and mill. The Company has paid total finder's fees in connection with the first and second tranches of the Offering of $134,770.15 cash and finder warrants to purchase up to 176,455 common shares of the Company on the same terms as the Warrants in accordance with the policies of the TSX Venture Exchange.Īll securities issued in connection with the second tranche of the Offering are subject to a four month hold period expiring April 8, 2022. As of the date hereof, the Company's cash on hand is US$9.7 million and the Company holds 400 ounces of gold and 30,000 ounces of silver valued at approximately US$1.4 million. The net proceeds from the Offering will be used to fund the ongoing exploration, development, and expansion of the Company's El Cubo mine and mill complex and El Pinguico silver and gold project, both located near the city of Guanajuato, Mexico and for general corporate and working capital purposes. This financing leaves GSilver in a stronger financial position, able to withstand the vagaries of the marketplace as well as any technical challenges during the continued ramp up of Mexico's newest precious metals operation." Each Warrant entitles the holder to purchase an additional common share of the Company at a price of C$0.75 for a period of two years from of closing, subject to acceleration in certain events.Ĭhairman and CEO James Anderson said: "Support from our long-term shareholders - both large and small - has made this private placement an oversubscribed success. The Company issued 2,402,634 units (" Units") for gross proceeds of C$1,321,449 in the second tranche for a total Offering of 17,304,306 Units for gross proceeds of C$9,517,368, each Unit consisting of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant, a " Warrant"). ![]() (the " Company" or " GSilver") ( TSXV:GSVR)( OTCQX:GSVRF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering (the "Offering") totalling C$9.52 million announced November 18, 2021, and expanded on Novemand again on December 6, 2021. VANCOUVER, BC / ACCESSWIRE / Decem/ Guanajuato Silver Company Ltd. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. ![]()
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