Blackrock Silver Corp. (TSXV:BRC) closes $6.28 million brokered private placement
Summary
Blackrock Silver Corp. (BRC) has completed a brokered private placement for gross proceeds of $6,283,000 Blackrock Silver Corp. issued a total of 12,566,000 units of the company for $0.50 per unit Each unit consisted of one common share of the company and one-half of one common Share purchase warrant Net proceeds will be used to fund exploration of its portfolio of gold and silver projects in Nevada and for general working capital purposes Blackrock Silver Corp. is a junior gold-focused exploration company that is on a quest to make an economic discovery Blackrock Silver Corp. remained unchanged, trading at $0.44 per share at 1:46 PM ETBlackrock Silver (BRC) has completed a brokered private placement offering for gross proceeds of $6,283,000.Blackrock Silver Corp. issued a total of 12,566,000 units for $0.50 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share until August 30, 2025.Proceeds from the private placement include the partial exercise of the agents over-allotment option to purchase an additional 566,000 units at the unit price.The private placement was led by PI Financial Corp. and Red Cloud Securities Inc., as co-lead agents and joint bookrunners on behalf of a syndicate of agents, together with Canaccord Genuity Corp. and Research Capital Corp. The company paid the agents cash commissions of $376,980 and issued 753,960 agents warrants.Blackrock Silver Corp. is a junior gold-focused exploration company on a quest to make an economic discovery.Blackrock Silver Corp. remained unchanged, trading at $0.44 per share at 1:46 PM ET.