Pacifica Silver (CSE:PSIL) has closed its upsized private placement offering of 15.87 million common shares at a price of $1.45 per common share, for total gross proceeds of C$23.01 million ($24.30 million).
The offering has received support from both new and existing shareholders. CEO Todd Anthony says that the investor support “reflects strong conviction in the untapped potential of our flagship Claudia Silver-Gold Project in Durango, Mexico, and the proceeds from this financing will enable us to accelerate exploration efforts, systematically test high-priority targets, and unlock the project’s high-grade potential through year-round, multi-rig drilling operations”.
Raymond James acted as lead agent and sole bookrunner in this offering on behalf of a syndicate of agents, including Research Capital Corporation.
Pacifica Silver is advancing exploration at the wholly owned Claudia Project in Durango Mexico.
Write to Amy Rotman at Mining.com.au
Images: Pacifica Silver
