IMPACT Silver Announces Private Placement

IMPACT Silver Corp (TSXV:IPT) has announced a brokered private placement of a minimum of $3,000,000 worth of units at a price of $0.57 per unit. Each unit is to consist of one common share and one-half of one warrant.
As quoted in the press release:

Each whole warrant (each a “Warrant”) entitles the holder to purchase one common share (each a “Share”) per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.
The Corporation is pleased to announce that it has appointed a syndicate of agents led by M Partners Inc. (“M Partners”) and including Clarus Securities Inc. to sell the Units by way of Private Placement. As per the terms of the appointment of the syndicate of agents, the Corporation will pay a commission of 7% on the value of Units issued on the Private Placement and issue to the agents Warrants equal to 7% of the number of Units issued on the Private Placement.
The net proceeds of the Offering will be used to fund the Corporation’s continued exploration and development of its silver assets in Mexico, and for general working capital purposes.

Click here to read the full press release.