First Andes Silver Increases Private Placement to $1,350,000 CAD
First Andes Silver (OTC:MSLVF) has expanded its previously announced non-brokered private placement from $1.0 million to $1.35 million CAD. The offering consists of 13.5 million units priced at $0.10 CAD per unit, with each unit comprising one common share and one-half share purchase warrant.
Each warrant will be exercisable at $0.15 CAD per share for a two-year period. The securities will have a four-month resale restriction period. The proceeds will fund the expansion of the company's drill program at the Santas Gloria silver property and general working capital needs.
First Andes Silver (OTC:MSLVF) ha ampliato il suo collocamento privato non mediato precedentemente annunciato, portandolo da 1,0 milioni a 1,35 milioni di CAD. L'offerta comprende 13,5 milioni di unità al prezzo di 0,10 CAD per unità, con ogni unità composta da un'azione ordinaria e da mezza warrant per l'acquisto di azioni.
Ogni warrant potrà essere esercitata al prezzo di 0,15 CAD per azione per un periodo di due anni. I titoli saranno soggetti a un periodo di restrizione alla rivendita di quattro mesi. I proventi saranno utilizzati per finanziare l'espansione del programma di perforazione presso la proprietà argentifera Santas Gloria e per le esigenze generali di capitale operativo.
First Andes Silver (OTC:MSLVF) ha ampliado su colocación privada sin intermediarios previamente anunciada, aumentando el monto de 1,0 millón a 1,35 millones de CAD. La oferta consiste en 13,5 millones de unidades a un precio de 0,10 CAD por unidad, y cada unidad incluye una acción común y media warrant para comprar acciones.
Cada warrant podrá ejercerse a 0,15 CAD por acción durante un período de dos años. Los valores tendrán un período de restricción para la reventa de cuatro meses. Los fondos se destinarán a financiar la expansión del programa de perforación de la empresa en la propiedad de plata Santas Gloria y a las necesidades generales de capital de trabajo.
First Andes Silver (OTC:MSLVF)는 이전에 발표한 비중개 사모 발행을 100만 캐나다 달러에서 135만 캐나다 달러로 확대했습니다. 이번 공모는 1,350만 단위로 단위당 0.10 캐나다 달러에 가격이 책정되었으며, 각 단위는 보통주 1주와 주식 매수 워런트 반 주로 구성됩니다.
각 워런트는 2년 동안 주당 0.15 캐나다 달러에 행사할 수 있습니다. 증권은 4개월간 재판매 제한 기간이 적용됩니다. 조달 자금은 회사의 Santas Gloria 은광 부지 시추 프로그램 확장과 일반 운전자본 필요에 사용될 예정입니다.
First Andes Silver (OTC:MSLVF) a étendu son placement privé sans courtier précédemment annoncé, passant de 1,0 million à 1,35 million de CAD. L'offre comprend 13,5 millions d'unités au prix de 0,10 CAD par unité, chaque unité comprenant une action ordinaire et un demi-warrant d'achat d'actions.
Chaque warrant pourra être exercé à 0,15 CAD par action pendant une période de deux ans. Les titres seront soumis à une période de restriction de revente de quatre mois. Les fonds serviront à financer l'expansion du programme de forage de la société sur la propriété argentifère Santas Gloria ainsi que les besoins généraux en fonds de roulement.
First Andes Silver (OTC:MSLVF) hat seine zuvor angekündigte nicht vermittelte Privatplatzierung von 1,0 Millionen auf 1,35 Millionen CAD ausgeweitet. Das Angebot umfasst 13,5 Millionen Einheiten zum Preis von 0,10 CAD pro Einheit, wobei jede Einheit aus einer Stammaktie und einem halben Bezugsrecht auf den Kauf von Aktien besteht.
Jede Warrant kann über einen Zeitraum von zwei Jahren zu 0,15 CAD pro Aktie ausgeübt werden. Die Wertpapiere unterliegen einer viermonatigen Wiederverkaufsbeschränkung. Die Erlöse werden zur Erweiterung des Bohrprogramms des Unternehmens auf der Santas Gloria Silberliegenschaft und für allgemeine Betriebskapitalbedürfnisse verwendet.
- Increased private placement size by 35% from $1.0M to $1.35M CAD
- Proceeds will expand current drill program at Santas Gloria silver property
- Two-year warrants provide potential additional funding at $0.15 CAD per share
- Potential dilution for existing shareholders
- Four-month lock-up period may affect liquidity
- Additional finder's fees may reduce net proceeds
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLV) (FSE: 9TZ0) (the "Company" or "First Andes") today announced that is has increased its previously announced non-brokered private placement financing from 10,000,000 units ("Units") at a price of
Each Unit will continue to consist 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 Offering will be subject to restrictions on resale for a period of four (4) months from the date of issue. The Company may pay finders a fee in cash and/or share purchase warrants to registered finders.
The proceeds of the Offering will be used to expand on its current drill program at the Santas Gloria silver property and general working capital purposes.
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/258968
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