ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

GSVR Guanajuato Silver Company Ltd

0.00
0.00 (0.00%)
- - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Guanajuato Silver Company Ltd AQSE:GSVR Aquis Stock Exchange Ordinary Share CA40066W1068
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Guanajuato Silver Company Ltd. Final Tranche of C$8.5m Equity Financing Closed (4329M)

11/01/2023 2:10pm

UK Regulatory


Guanajuato Silver (AQSE:GSVR)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Guanajuato Silver Charts.

TIDMGSVR

RNS Number : 4329M

Guanajuato Silver Company Ltd.

11 January 2023

11 January 2023

Guanajuato Silver Company Ltd

(" Guanajuato Silver " or the "Company")

Final Tranche of C$8.5m Equity Financing Closed

Guanajuato Silver Company Ltd. (TSXV:GSVR) (OTCQX:GSVRF) (AQSE:GSVR), a precious metals producer in Mexico, is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering (the "Offering") totalling C$8.5 million announced on December 12, 2022 and expanded on January 5, 2023. The Company issued 4,080,486 units (the "Units") for gross proceeds of C$1,734,206.55 in the second tranche for a total Offering of 20,032,682 Units for gross proceeds of C$8,513,889.85. Each Unit consisted of one common share of the Company (a "Share") and one-half (1/2) of one transferable share purchase warrant; each whole warrant (a "Warrant") exercisable to purchase an additional Share at C$0.60 for a period of two years after closing. The Shares and Warrants were issued by the Company pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions and therefore are "free-trading" under applicable Canadian securities laws.

Chairman and CEO, James Anderson, said, "The strengthening of our balance sheet at this time gives us the flexibility to deploy targeted capex at specific areas of our business that we believe will prove accretive to shareholders as we aim to expand production across all four of our producing silver mines in Mexico."

The net proceeds of the Offering will be used to, among other things, ramp up production at the Company's existing mines in and about Guanajuato, Mexico including El Cubo, San Ignacio and Valenciana, expand and modernize the processing facilities at the Topia mine in Durango, Mexico, increase brownfields' exploration programs, and fund general and administrative expenses as more particularly described in the Company's amended and restated offering document dated December 31, 2022 (the "Amended Offering Document") prepared in connection with the expanded Offering. The Amended Offering Document related to this Offering can be accessed under the Company's profile at www.sedar.com and at the Company's website at www.gsilver.com .

The Company has paid total finder's fees in connection with the first and second tranches of the Offering of $238,262.13 cash and finder warrants to purchase up to 550,591 common shares of the Company on the same terms as the Warrants in accordance with the policies of the TSX Venture Exchange.

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones , T: +1 (604) 723 1433

E: jjj@GSilver.com

GSilver.com

VSA Capital - AQSE Corporate Adviser

T: +44 (0) 20 3005 5000

Simon Barton - Corporate Finance

Andrew Monk - Corporate Broking

David Scriven - Corporate Broking

About Guanajuato Silver

Guanajuato Silver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico, which has an established 480-year mining history. With five mines and three processing facilities, the Company is one of the fastest growing silver producers in Mexico.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXGZGMMDMVGFZM

(END) Dow Jones Newswires

January 11, 2023 09:10 ET (14:10 GMT)

1 Year Guanajuato Silver Chart

1 Year Guanajuato Silver Chart

1 Month Guanajuato Silver Chart

1 Month Guanajuato Silver Chart

Your Recent History

Delayed Upgrade Clock