Blackrock Silver Announces Upsize of Private Placement to $6 Million
08 Août 2022 - 2:55PM
Blackrock Silver Corp. (TSX-V: BRC) (the “
Company”
or “
Blackrock”) is pleased to announce that the
Company has entered into an agreement with PI Financial Corp. and
Red Cloud Securities Inc. as co-lead agents and joint bookrunners
on behalf of a syndicate of agents (referred to collectively as the
“
Agents”) to increase the size of the previously
announced marketed “best efforts” private placement to up to
12,000,000 units (the “
Units”) at a price of
C$0.50 per Unit (the “
Offering Price”) to raise
gross proceeds of up to C$6,000,000.
The gross proceeds raised from Offering will be
used for exploration of the Company’s portfolio of silver and gold
projects in Nevada, and for general working capital.
The Offering is expected to close on or about
August 30, 2022 and is subject to a number of closing conditions
including, but not limited to, the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture
Exchange. The securities issued under the Offering will be subject
to a four month hold period from the date of issue in accordance
with applicable securities laws.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the 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 unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
About Blackrock Silver
Corp.
Blackrock is a junior precious metals focused
exploration company that is on a quest to make an economic
discovery. Anchored by a seasoned Board, the Company is focused on
its Nevada portfolio of properties consisting of low-sulphidation
epithermal gold & silver projects located along the established
Northern Nevada Rift in north-central Nevada and the Walker Lane
trend in western Nevada.
For further information, please contact:Andrew
Pollard, President & CEOBlackrock Silver Corp.Phone: 604
817-6044Email: andrew@blackrocksilver.com
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of Canadian securities legislation.
Such forward‑looking statements concern expected subscriptions and
closing of the Offering and the intended use of proceeds. Such
forward‑looking statements or information are based on a number of
assumptions, which may prove to be incorrect. Assumptions have been
made regarding, among other things: conditions in general economic
and financial markets; timing and amount of capital expenditures;
and effects of regulation by governmental agencies. The actual
results could differ materially from those anticipated in these
forward‑looking statements as a result of risk factors, including:
the availability of funds; the timing and content of work programs;
results of exploration activities of mineral properties; the
interpretation of drilling results and other geological data; and
general market and industry conditions. Forward-looking statements
are based on the expectations and opinions of the Company’s
management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
the statements were made. The Company undertakes no obligation to
update or revise any forward-looking statements included in this
news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by
applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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