Core Points - Zacatecas Silver Corp. has increased its private placement financing from 41,666,666 units to 62,500,000 units at a price of $0.06 per unit, aiming for gross proceeds of up to $3,750,000 [1][3] Financing Details - Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at $0.10 per share for two years [2] - The company can accelerate the expiry date of the warrants if the volume weighted average price of the shares reaches or exceeds $0.20 for 20 consecutive trading days [2] - The proceeds will fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives, and working capital [3] Project Overview - Zacatecas Silver Corp. has two key projects: the Esperanza Gold Project and the Zacatecas Silver Project [4] - The Esperanza Gold Project has a measured and indicated mineral resource estimate of 30.5 million tonnes at 0.97 g/t AuEq for 956 thousand ounces AuEq [5] - The Zacatecas Silver Project is located in the Fresnillo silver belt, with a mineral resource estimate of 2.7 million tonnes at 187 g/t AgEq, totaling 16.4 million ounces AgEq [6]
Zacatecas Silver Increase Private Placement to $3.75 Million
Globenewswireยท2025-09-18 00:36