By Sheri Kasprzak
New York, Nov. 28 - Impact Silver Corp. said it intends to raise C$2.5 million from a private placement.
The offering includes 6.25 million units at C$0.40 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.50 each for 18 months.
Proceeds will be used for work on the company's Zacualpan silver project. The rest will be used for working capital.
Based in Vancouver, B.C., Impact is a silver exploration and development company focused on projects in Mexico and the Dominican Republic.
| Issuer: | Impact Silver Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.5 million
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| Units: | 6.25 million
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.50
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| Pricing date: | Nov. 24
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| Stock price: | C$0.49 at close Nov. 24
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