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Prince Silver Corp. filed a Form D reporting a Regulation D, Rule 506(b) exempt offering of units consisting of one common share and one-half common share purchase warrant. Each whole warrant has an exercise price of C$0.60 and a 12-month term. The total offering size is $244,521 (USD equivalent), of which $139,726 has been sold and $104,795 remains available; the remaining amount represents the aggregate exercise price of warrants sold in the United States. The issuer reports two investors, no sales commissions or finders' fees, a $0 minimum accepted investment, and that proceeds may be used for general working capital with no specific amounts earmarked for officers or directors.
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