Prospero Silver (PSL-V) Aug 11, '16 is pleased to announce that due to demand from potential investors the non-brokered private placement, previously announced August 8, 2016, has been increased by $200,000 or 1.0 million units to up to 9.25 million units at a price of $0.20 per Unit, for gross proceeds of up to $1,850,000. The Units have the same terms as previously announced. A finder's fee or commission may be paid on part of the Offering.
The net proceeds from the Offering will be used by Prospero to advance Prospero's existing project portfolio to drill-ready status, to expand the project portfolio by possible new acquisitions, and for general working capital purposes. Strategic joint ventures will also be sought.
All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day following the closing of the Offering.
This proposed Offering is subject to the acceptance of the TSX Venture Exchange.
About Prospero Silver Corp.:
Prospero is a Mexico-focused project generator listed on the TSX.V under the symbol PSL.V. Prospero's aim is to discover world-class precious metal projects in the major mineral belts of Mexico. The Company applies a unique blend of practical exploration experience, cutting-edge mineral deposit science, and an extensive knowledge of Mexico's geology to find new gold and silver systems. Our exploration programs are run by a small but highly-focused geological team based in Mexico.
Prospero Silver Corp.
William Murray
Chairman
604-288-7813
prosperosilver.com |
