Summa Silver Announces $10 Million Brokered Financing
VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Summa Silver Corp. (“Summa” or the “Company”) (TSXV:SSVR) (OTCQB: SSVRF) (Frankfurt:48X) is pleased to announce that it has entered into an agreement with Research Capital Corporation and Eventus Capital Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents (collectively, the "Agents") in connection with a brokered private placement financing (the "Offering") of up to 12,500,000 units (each, a “Unit”) at a price of $0.80 per Unit, for aggregate gross proceeds of up to $10 million.
- Galen McNamara, CEO of the Company, stated: “I would like to thank our shareholders and welcome new shareholders for their support and endorsement of the Company.
- In less than three years since inception, we have come a long way on both of our landmark American high-grade silver projects.
- The Offering is anticipated to close on or about December 29, 2022, or such later date as the Company may determine.
- The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering.