News July 6, '09
Wildcat Silver (WS-V) closes $3-million private placement.
Wildcat president and chief executive officer, Chris Jones, said: "We are bringing two drill rigs back on site with these funds to launch a second phase drill program at the Hardshell property. Drilling to date has outlined an inferred resource containing 53.5 million ounces of silver and 1.2 billion pounds of manganese which we expect to build upon with additional drilling and delineation. We are excited about the potential to add to this already large resource base."
Number of shares: 10 million shares
Purchase price: 30 cents per share
Warrants: 10 million share purchase warrants to purchase 10 million shares
Warrant exercise price: 50 cents for a two-year period
Hidden Placees: 34
Insiders: Diamond Hill Investment Corp. (R. Stuart Angus) 4.54 million; Purni Parikh 20,000
Pro groups: Peter Brown 150,000; Ali Pejman 35,000; Peter Rockandel 100,000; 0783648 B.C. Ltd. (D. Lyall) 100,000; Tom English 65,000; Elizabeth Falconer 50,000; Bill Godson 50,000; Hesham Magid 20,000; Robert Sali 300,000; Alnoor Versi ITF (P. Versi) 25,000 |
