• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, March 22, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Blackrock Silver Closes $4.38 Million Brokered Private Placement

March 17, 2023
Stephen M.CbyStephen M.C
in Securities/Markets
0
Blackrock Silver Closes $4.38 Million Brokered Private Placement

Blackrock Silver Corp. announced that the Company has closed its previously announced brokered private placement offering (the “Offering”) for aggregate gross proceeds of C$4,385,166 consisting of 11,851,800 units of the Company (“Units”) at a price of $0.37per Unit (the “OfferingPrice“).

Each Unit is comprised of one common share of the Company (“CommonShare”) and one-half of one (1/2) Common Share purchase warrant (“Warrant”) of the Company. Each whole Warrant entitles the holder thereof to acquire one Common Share at a price of $0.50 per Common Share until March 17, 2026.

All of the Units offered in the Offering were offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and are not subject to resale restrictions in Canada under applicable Canadian securities laws, except where required by the TSX Venture Exchange (“TSXV”).

RelatedPosts

Ghana Stock Exchange Flatter to Deceive on the Opening Day of Week

Busy GSE Week Ends With Elevated Composite Index and A Declined Financial Index

An Entertaining Day As Local Bourse Traded Mix

The Offering was led by PI Financial Corp. and Red Cloud Securities Inc. as co-lead agents and joint book runners on behalf of a syndicate of agents including Canaccord Genuity Corp. and Research Capital Corporation (referred to collectively as the “Agents”). According to the company, in connection with the Offering, the Company paid to the Agents a cash commission of $263,109.96 and issued to the Agents 711,108 Common Share purchase warrants (the “Compensation Warrants”).

Each Compensation Warrant entitles the holder thereof to acquire one Common Share at a price per Common Share equal to the Offering Price until March 17, 2026. The Compensation Warrants and underlying Common Shares are subject to a four-month hold period ending on July 18, 2023.

Net Proceeds From Offering

The net proceeds raised from Offering will be used by the Company: (i) to fund the US$700,000 option payment due on April 2, 2023, in respect of the Company’s Tonopah West project; (ii) to fund the US$500,000 lease payment due on October 27, 2023, in respect of the Company’s Silver Cloud project; (iii) for exploration of the Company’s portfolio of silver and gold projects in Nevada; and (iv) for working capital and general corporate purposes.

Meanwhile, the participation of two directors of the Company in the Offering constituted a “related party transaction”, within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Private Placement as neither the fair market value (as determined under MI 61- 101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

Meanwhile, the securities issued to the directors of the Company under the Offering are subject to a four-month hold period ending on July 18, 2023, in accordance with the policies of the TSXV. The Offering remains subject to final approval of the TSXV.

However, Blackrock noted that this news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities.

READ ALSO: AfDB, GCA Partner To Improve Food Security and Climate Resilience, Host The Future Of Resilient Food Systems In Africa

Tags: Blackrock Silver Corp.Private PlacementsharesTSXV

Related Posts

Ghana Stock Exchange Flatter to Deceive on the Opening Day of Week
Securities/Markets

Ghana Stock Exchange Flatter to Deceive on the Opening Day of Week

March 21, 2023
Stock Market Ends on a Flat Line Amid Decline in Activity
Securities/Markets

Busy GSE Week Ends With Elevated Composite Index and A Declined Financial Index

March 20, 2023
An Entertaining Day As Local Bourse Traded Mix
Securities/Markets

An Entertaining Day As Local Bourse Traded Mix

March 17, 2023
Ghana Stock Market Posts Swift Recovery After Independence Day Celebration
Securities/Markets

Investors Cash in As GSE Manages Another Massive Win

March 16, 2023
Local Bourse Reacts to Days of Decline and Treasury Yield Cuts
Securities/Markets

Local Bourse Reacts to Days of Decline and Treasury Yield Cuts

March 15, 2023
GSE MD Calls On Governor Addison To Assist Implement Measures To Sustain The Securities Industry
Securities/Markets

GSE MD Calls On Governor Addison To Assist Implement Measures To Sustain The Securities Industry

March 15, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

LPG Marketers Association Demands For Removal Of LPG Taxes

Next Post

Injuncted NDC Regional Youth Organizer Invokes Jurisdiction Of Supreme Court

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
11th African Fiscal Forum: Reducing Fiscal Deficits Is Crucial To Debt Sustainability And  Macroeconomic Stability- IMF, ECIP
Economics

11th African Fiscal Forum: Reducing Fiscal Deficits Is Crucial To Debt Sustainability And Macroeconomic Stability- IMF, ECIP

by Priscilla Dziedzorm FiakpornuMarch 21, 2023
 China’s Peace Plan Could Be Basis To End The War- Putin
Europe

 China’s Peace Plan Could Be Basis To End The War- Putin

by Comfort AmpomaaMarch 21, 2023
African Countries Facing a Brutal Financing Squeeze– IMF Director, African Department
Economy

African Countries Facing a Brutal Financing Squeeze– IMF Director, African Department

by Stephen M.CMarch 21, 2023
“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina
Innovation

“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina

by Priscilla Dziedzorm FiakpornuMarch 21, 2023
GITAC Calls On Media Firms To Help Publicize, Promote The Tourism Sector To Save Ghana
General News

GITAC Calls On Media Firms To Help Publicize, Promote The Tourism Sector To Save Ghana

by Gifty BansahMarch 21, 2023
Western Togoland Separatist Group Members Jailed 5 Years Each
General News

Western Togoland Separatist Group Members Jailed 5 Years Each

by Angeller AshongMarch 21, 2023
11th African Fiscal Forum: Reducing Fiscal Deficits Is Crucial To Debt Sustainability And  Macroeconomic Stability- IMF, ECIP
 China’s Peace Plan Could Be Basis To End The War- Putin
African Countries Facing a Brutal Financing Squeeze– IMF Director, African Department
“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina
GITAC Calls On Media Firms To Help Publicize, Promote The Tourism Sector To Save Ghana
Western Togoland Separatist Group Members Jailed 5 Years Each
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In