Defiance Silver Corp. announced the closing of the third tranche of its non-brokered private placement. The company issued 4,875,000 Units for gross proceeds of C$975,000 at C$0.35 per Unit. Net proceeds will be used for exploration and working capital.
Wednesday, February 12, 2025 10:05 PM PST"). Under the Third Tranche, the Company issued 4,875,000 Units for aggregate gross proceeds of C$975,000.") at a price of C$0.35 at any time on or before the date which is 24 months after the Closing Date.
The net proceeds of the Offering will be used by the Company for exploration and general working capital purposes. Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued in this Offering are subject to a four-month hold period from the issuance of the Units.
In connection with the closing of the Third Tranche, the Company paid finder's fees comprised of an aggregate cash commission of C$66,900 and an aggregate of 334,500 non-transferable warrants to arm-length finders. In total, the Company paid finder's fees comprised of an aggregate cash commission of C$166,368 and an aggregate of 831,840 Finder Warrants in connection with the Offering.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Management alleged that director Dianmin Chen was working with a group of foreign-linked investors holding between 30-40% of shares to take control of the board.The miner reported an 838% surge in first-half profits on Thursday, driven by higher sales of aluminum and copper and strong commodity prices.
FINANCE MINING EXPLORATION MEXICO TSX VENTURE EXCHANGE
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