SVRS:CA raises $7.5M through a private placement of 15M units at $0.50 each, with Eric Sprott as a key investor.
Silver Storm Mining announced a $7.5M non-brokered private placement of 15M units at $0.50 per unit. The proceeds will fund the company’s exploration and development activities, according to the release.
The placement includes participation from Eric Sprott, who will acquire units through 2176423 Ontario, a corporation he beneficially owns. The company did not disclose additional terms or use of funds beyond general corporate purposes.
No immediate market reaction was reported following the announcement.