Increased Private Funding for Zacatecas Silver Reaches $3.75 Million
Zacatecas Silver Corp., a silver exploration company operating in Mexico, has increased its private placement financing. The company will now issue 62,500,000 units, up from the previously announced 41,666,666 units.
Each Unit consists of one common share and one common share purchase warrant. The price of each Unit remains at $0.06, with gross proceeds of up to $3,750,000. The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue.
The CEO and Director of Zacatecas Silver Corp. is Eric Vanderleeuw, who can be reached at the phone number (519) 729 2440. The company has a limited operating history.
The proceeds of the Offering will be used to fund a drilling campaign on the Zacatecas Silver Project, strategic initiatives, and working capital purposes. The Zacatecas Silver Project is located in Zacatecas state, Mexico, within the Fresnillo silver belt, which has produced over 6.2 billion ounces of silver. The Company holds 7,826 hectares of ground that is prospective for low-sulphidation and intermediate-sulphidation silver base metal mineralization and potentially low-sulphidation gold-dominant mineralization.
Zacatecas Silver Corp.'s proposed exploration and development activities are on its Zacatecas Properties. The company must comply with environmental and governmental regulations. It is worth noting that the Company may pay finders a fee of cash and/or share purchase warrants.
It is important to note that the information in this news release contains forward-looking statements. These statements are based on assumptions as of the date of the news release and are subject to risks and uncertainties that could cause actual results to differ materially. The securities issued under the Offering are not guarantees of future performance and may be affected by many material factors.
The news release was distributed by GlobeNewswire, Inc. It is worth noting that neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
In conclusion, Zacatecas Silver Corp. is increasing its private placement financing to fund its operations and explore its Zacatecas Silver Project. Interested parties can contact Eric Vanderleeuw for more information.
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