Zacatecas Silver Announces $15MM Subscription Receipt Offering
TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (“Zacatecas Silver” or the “Company”) (TSXV: ZAC; OTC: ZCTSF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), whereby the Agents will raise up to $15,000,700 (the “Offering”) through an Offering of up to 13,637,000 subscription receipts of the Company (the “Subscription Receipts”) to be priced at $1.10 per Subscription Receipt. Each Subscription Receipt is convertible into one Unit of the Company (each, a “Unit”) upon the completion of certain Escrow Release Conditions (as defined below). Each Unit will consist of one Common Share (each, a “Common Share”) and one half of one Common Share purchase warrant (each full warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of $1.50 per Common Share for a period of 24 months following the Closing date. The Offering is expected to close on or about March 22, 2022 (the “Closing Date”).
- TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Zacatecas Silver Corp. (Zacatecas Silver or the Company) (TSXV: ZAC; OTC: ZCTSF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the Agents), whereby the Agents will raise up to $15,000,700 (the Offering) through an Offering of up to 13,637,000 subscription receipts of the Company (the Subscription Receipts) to be priced at $1.10 per Subscription Receipt.
- The Zacatecas Silver property is located in Zacatecas State, Mexico, within the highly prospective Fresnillo Silver Belt, which has produced over 6.2 billion ounces of silver.
- The property shares common boundaries with Pan American Silver Corp. claims and El Orito which is owned by Endeavour Silver.
- Except as required under applicable securities legislation, Zacatecas Silver does not undertake to publicly update or revise forward-looking information.