Prince Silver (CSE:PRNC)

Prince Silver Announces Non-brokered Private Placement

Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTC PINK:HWTNF) is pleased to announce a non-brokered private placement of up to 3,125,000 units of the Company ("Units") at a price of $0.40 per Unit for aggregate gross proceeds of up to $1,250,000 (the "Private Placement'). Each Unit will consist of one common share (a "Common Share") and one-half common share purchase warrant, with each full warrant (a "Warrant") being exercisable to purchase one Common Share at a price of $0.60 for 12 (twelve) months from the date of issuance.

The Company intends to pay finders' fees in an amount equal to 7% to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Stock Exchange ("CSE"). The Private Placement is subject to approval of the CSE, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement pursuant to applicable securities laws and CSE policy.

The Company intends to use the net proceeds raised from the Private Placement for exploration and development on it's 100% owned Prince Silver Project as well as for general corporate working capital.

About Prince Silver Corp.

Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. The known deposit identified with historic drilling is open in all directions and is near surface. Prince Silver Corp also holds interest in the Stampede Gap Project a district scale copper-gold-moly porphyry system located ~15km NNM of the Prince Silver Project and, holds option interest in the Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.

For further information on Prince Silver, please visit www.princesilvercorp.com

On behalf of the Board of Directors
Ralph Shearing
Director, President
+1 (604) 764-0965
rshearing@princesilvercorp.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.

Source

PRNC:CC
Prince Silver

Prince Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Prince Silver (CSE:PRNC)

Prince Silver

Keep reading...Show less

Advancing the large-scale Prince Silver project in Nevada

CSE Bulletin: Name & Symbol Change and Consolidation - Hawthorn Resources Corp.

CSE Bulletin: Name & Symbol Change and Consolidation - Hawthorn Resources Corp.

Hawthorn Resources Corp. (HWTN) has announced a name and symbol change to Prince Silver Corp. (PRNC) and a consolidation of its issued and outstanding common shares on the basis of zero point seven five (0.75) post-consolidated common share for every one (1) pre-consolidated common shares.

As a result, the outstanding shares of the company will be reduced to approximately 16,054,125 common shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Kairos Minerals

Further wide intercepts from Main Hill support gold resource growth at Mt York, WA

Wide and high-grade results from Main Hill drilling point to resource growth; additional drilling extending ‘Monster Zone’ now completed with results awaited

Kairos Minerals Ltd (ASX:KAI) (“KAI” or the “Company”) is pleased to announce results from a further nine diamond holes at its Mt York Gold Project in WA’s Pilbara, where current resources at the Main Trend sit at 1.4Moz Au. Drill results are from Main Hill (five holes), Breccia Hill (one hole) and Pebble Mound (three holes) Table 1) and are shown on the Leapfrog oblique-section (Figure 1), drill plan (Figure 2), long-section (Figure 3) and cross-sections (Figures 4 and 5).Latest results are from drilling at Mt York’s Main Hill, which remains a very large resource target for the Company.

Keep reading...Show less
Stack of gold coins with a buffalo design on a wooden surface.

Ken Hoffman: Gold's Path is Clear, Price to Hit US$10,000 Long Term

Ken Hoffman of Red Cloud Securities shares his gold price target of US$10,000 per ounce.

In his view, the US dollar is set to decline to its lowest level in the last 20 years. Given its usual relationship with gold, that could send the price to US$7,000, and from there it could overshoot.

Keep reading...Show less
Asra Minerals Managing Director Paul Stephen.

Asra Minerals’ Recent Assays Confirm “Economic and Mineable” Mineralisation, Exec Says

Asra Minerals’ (ASX:ASR) recent drill results from its Leonora South gold project in Western Australia have confirmed “economic mineralisation” comparable to operating, high-grade gold mines in the region, said Paul Stephen, the company’s managing director.

“The challenge for the Kookynie area … is it's been mined since 1880 — generally very high grade, but generally narrow veins. And our recent intersection of 14 metre widths, very shallow, 10 metres from surface, is really reflective of our aim to change that narrative, so that we're actually chasing more economic and more mineable mineralisation,” Stephen said.

He added that the results compare favourably with high-grade historic mines in the region, like Cosmopolitan, which closed down in 1922, and current operating mines like Genesis Minerals' (ASX:GMD) Leonora operations.

Keep reading...Show less
Option to acquire 888km2 Au/Cu project in WA

Option to acquire 888km2 Au/Cu project in WA

Three exploration licenses located within 40km of the Telfer Gold Mine Western Australia

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce the acquisition of the Paterson Gold-Copper-Molybdenum Project ("The Paterson Project"), that covers 888km2 in the Paterson Province of Western Australia, located only 40km southwest of the Telfer Gold-Copper Mine operated by Greatland Gold Plc (Figure 1).

Highlights:

Keep reading...Show less
Prince Silver

Prince Silver Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×