On July 28, 2020, Silver Tiger Metals Inc. (“Silver Tiger”) announced the completion of a $11 million non-brokered private placement of units. Pursuant to the offering, a total of 36,666,667 units were issued at a price of $0.30 per unit. Each unit is comprised of one common share of the Silver Tiger and one-half common share purchase warrant, with each full warrant exercisable at $0.50 for 36 months after the issuance of the warrants.
The gross proceeds from the sale of the units will be used to fund the continued exploration of Silver Tiger’s El Tigre silver property located in Sonora, Mexico and for general working capital purposes. Fasken advised Silver Tiger with a team including John Turner, Krisztian Toth, Brad Freelan, Markus Liik and Ryan Kleinman.
The gross proceeds from the sale of the units will be used to fund the continued exploration of Silver Tiger’s El Tigre silver property located in Sonora, Mexico and for general working capital purposes. Fasken advised Silver Tiger with a team including John Turner, Krisztian Toth, Brad Freelan, Markus Liik and Ryan Kleinman.
Jurisdiction
- Ontario
