El Tigre Announces Private Placement for Gross Proceeds of $3,000,000

El Tigre Silver Corp.(TSXV:ELS) announced a new non-brokered private placement for up to 12,000,000 units. Each unit will be sold for $0.25. The proceeds from the placement will be used to progress work on the tailings recovery project.

As quoted in the press release:

Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 18 months from the date of issue at a price of $0.40. An 8% cash finders’ fee and warrants equal to 8% of the Units issued may be payable on all or a portion of the offering.

Click here to read the El Tigre Silver Corp. (TSXV:ELS) press release