First Andes Silver Closed First Tranche of Private Placement
First Andes Silver (TSXV: FAS, OTC: MSLVF) has completed the first tranche of its non-brokered private placement, raising $1,017,000 CAD through the issuance of 10,170,000 units at $0.10 CAD per unit.
Each unit comprises one common share and one-half share purchase warrant, with each full warrant exercisable at $0.15 CAD for two years. The company paid $42,350 in finder's fees and issued 423,500 finder's warrants. Proceeds will fund the expansion of drilling at the Santas Gloria silver property and working capital needs.
The securities have a four-month resale restriction period, and a second tranche is expected to close within seven days, subject to TSX Venture Exchange approval.
First Andes Silver (TSXV: FAS, OTC: MSLVF) ha completato la prima tranche della sua collocazione privata non mediata da broker, raccogliendo 1.017.000 CAD attraverso l'emissione di 10.170.000 unità a 0,10 CAD per unità.
Ogni unità comprende una azione ordinaria e mezza opzione di acquisto azioni, con ogni opzione completa esercitabile a 0,15 CAD per due anni. La società ha pagato 42.350 CAD in commissioni di intermediazione e ha emesso 423.500 warrant per i finder. I proventi finanzieranno l'espansione delle perforazioni nella proprietà argentifera Santas Gloria e le esigenze di capitale circolante.
I titoli sono soggetti a un periodo di restrizione alla rivendita di quattro mesi, e si prevede la chiusura di una seconda tranche entro sette giorni, subordinata all'approvazione della TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF) ha completado la primera tranche de su colocación privada sin intermediarios, recaudando 1.017.000 CAD mediante la emisión de 10.170.000 unidades a 0,10 CAD por unidad.
Cada unidad consta de una acción común y media opción de compra de acciones, con cada opción completa ejercitable a 0,15 CAD durante dos años. La compañía pagó 42.350 CAD en comisiones a intermediarios y emitió 423.500 opciones para intermediarios. Los fondos se destinarán a la expansión de la perforación en la propiedad de plata Santas Gloria y a necesidades de capital de trabajo.
Los valores tienen un período de restricción para su reventa de cuatro meses, y se espera que una segunda tranche cierre dentro de siete días, sujeta a la aprobación de la TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF)는 중개인 없이 진행된 사모 발행의 첫 번째 분할을 완료하여, 단위당 0.10 CAD에 10,170,000 단위를 발행해 1,017,000 CAD를 조달했습니다.
각 단위는 보통주 1주와 주식매수청구권 0.5주로 구성되며, 주식매수청구권은 2년간 단위당 0.15 CAD에 행사할 수 있습니다. 회사는 중개인 수수료로 42,350 CAD를 지급하고 423,500개의 중개인용 주식매수청구권을 발행했습니다. 조달 자금은 Santas Gloria 은광의 시추 확장과 운전자본 필요에 사용될 예정입니다.
증권은 4개월간 재판매 제한 기간이 있으며, 두 번째 분할은 TSX 벤처 거래소 승인에 따라 7일 이내에 마감될 예정입니다.
First Andes Silver (TSXV : FAS, OTC : MSLVF) a complété la première tranche de son placement privé sans courtier, levant 1 017 000 CAD par l'émission de 10 170 000 unités à 0,10 CAD l'unité.
Chaque unité comprend une action ordinaire et un demi-warrant d'achat d'actions, chaque warrant complet étant exerçable à 0,15 CAD pendant deux ans. La société a versé 42 350 CAD en frais de courtage et émis 423 500 warrants pour les apporteurs d'affaires. Les fonds serviront à financer l'expansion du forage sur la propriété argentifère Santas Gloria et les besoins en fonds de roulement.
Les titres sont soumis à une période de restriction de revente de quatre mois, et une seconde tranche devrait se clôturer dans les sept jours, sous réserve de l'approbation de la TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 1.017.000 CAD durch die Ausgabe von 10.170.000 Einheiten zu je 0,10 CAD eingenommen.
Jede Einheit besteht aus einer Stammaktie und einer halben Kaufoption, wobei jede volle Kaufoption für zwei Jahre zu 0,15 CAD ausgeübt werden kann. Das Unternehmen zahlte 42.350 CAD Findergebühren und gab 423.500 Finder-Warrants aus. Die Erlöse werden zur Erweiterung der Bohrungen auf dem Silbergrundstück Santas Gloria und für den Betriebskapitalbedarf verwendet.
Die Wertpapiere unterliegen einer viermonatigen Wiederverkaufsbeschränkung, und eine zweite Tranche soll innerhalb von sieben Tagen abgeschlossen werden, vorbehaltlich der Genehmigung der TSX Venture Exchange.
- Secured $1.017M CAD in fresh capital through private placement
- Warrants provide potential for additional future funding at $0.15 per share
- Funds allocated to expand drill program at Santas Gloria silver property
- 4-month resale restriction period limits immediate liquidity
- 10% dilution through issuance of new shares
- Additional dilution expected with second tranche closing
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) (the "Company" or First Andes") today announced that is has closed the first tranche of its previously announced non-brokered private placement financing (see news release dated July 4, 2025 and July 15, 2025) (the "Offering") by issuing 10,170,000 units ("Units") at a price of
Each Unit consists of one common share of the Company (a "Share") and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant will be exercisable at
The securities issued under the first tranche of the Offering are subject to restrictions on resale for a period of four (4) months from the date of issue. The Company paid a finder's a fee of
The proceeds of the first tranche will be used to expand on its current drill program at the Santas Gloria silver property and general working capital purposes. The Company anticipates the second tranche of the Offering will close within seven calendar days and is subject to accept of the TSX Venture Exchange.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a British Columbia company that holds a
For more information, please contact:
Colin Smith, CEO and Director
Phone: 604 806-0626 (ext. 108)
E-mail: info@firstandes.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259092
FAQ
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