Maverick Gold and Silver (CSE:MAV) has raised C$554,000 ($561,200) after closing the first tranche of its recently announced private placement.
The company issued 11.08 million units, priced at C$0.05 each and comprising one common share plus a warrant.
The warrants can be exercised into shares at C$0.10 per share for two years.
Maverick also paid C$22,000 in cash and issued 440,000 non-transferable warrants as a finders’ commission.
As announced earlier this month, the company intends to complete multiple tranches to raise C$1.1 million for working capital.
Maverick Gold and Silver is an exploration-stage company advancing a portfolio of high-potential gold, silver, and copper properties.
Write to Jackson Chen at Mining.com.au
Main image: Maverick Gold and Silver
