First Andes Silver Announces Private Placement Financing of $1,000,000 CAD
First Andes Silver (OTC:MSLVF) has announced a non-brokered private placement to raise $1,000,000 CAD through the issuance of 10,000,000 units at $0.10 CAD per unit. Each unit includes one common share and one-half warrant, with each full warrant exercisable at $0.15 CAD for two years.
The proceeds will fund the expansion of the company's drill program at the Santas Gloria silver property and provide working capital. The securities will have a four-month resale restriction period, and the company may pay finder's fees to registered finders.
First Andes Silver (OTC:MSLVF) ha annunciato un collocamento privato senza intermediari per raccogliere 1.000.000 CAD tramite l'emissione di 10.000.000 di unit脿 al prezzo di 0,10 CAD per unit脿. Ogni unit脿 comprende una azione ordinaria e mezza warrant, con ogni warrant intero esercitabile a 0,15 CAD per un periodo di due anni.
I proventi serviranno a finanziare l'espansione del programma di perforazione della societ脿 presso la propriet脿 argentifera Santas Gloria e a fornire capitale operativo. I titoli avranno un periodo di restrizione alla rivendita di quattro mesi e la societ脿 potr脿 corrispondere commissioni ai finder registrati.
First Andes Silver (OTC:MSLVF) ha anunciado una colocaci贸n privada sin intermediarios para recaudar 1.000.000 CAD mediante la emisi贸n de 10.000.000 unidades a 0,10 CAD por unidad. Cada unidad incluye una acci贸n com煤n y medio warrant, siendo cada warrant completo ejercitable a 0,15 CAD durante dos a帽os.
Los fondos se destinar谩n a financiar la expansi贸n del programa de perforaci贸n de la compa帽铆a en la propiedad de plata Santas Gloria y a proporcionar capital de trabajo. Los valores tendr谩n un periodo de restricci贸n de reventa de cuatro meses y la compa帽铆a podr谩 pagar comisiones a los intermediarios registrados.
First Andes Silver (OTC:MSLVF)電� 欷戧皽鞚� 鞐嗢澊 1,000,000 CAD毳� 臁半嫭頃橁赴 鞙勴暣 雼渼雼� 0.10 CAD鞐� 10,000,000 雼渼毳� 氚滍枆頃橂姅 靷爜 氚办箻毳� 氚滍憸頄堨姷雼堧嫟. 臧� 雼渼電� 氤错喌欤� 1欤检檧 鞗岆煱韸� 0.5臧滊ゼ 韽暔頃橂┌, 鞗岆煱韸� 1臧滊姅 0.15 CAD鞐� 2雲勱皠 頄夓偓頃� 靾� 鞛堨姷雼堧嫟.
臁半嫭霅� 鞛愱笀鞚� 須岇偓鞚� Santas Gloria 鞚�甏� 攵�歆� 鞁滌稊 頂勲攴鸽灗 頇曥灔瓿� 鞖挫爠鞛愲掣 頇曤炒鞐� 靷毄霅╇媹雼�. 歃濌秾鞚� 4臧滌洈臧� 鞛寪毵� 鞝滍暅 旮瓣皠鞚� 鞛堨溂氅�, 須岇偓電� 霌彪霅� 欷戧皽鞚胳棎瓴� 靾橃垬耄岆ゼ 歆�旮夗暊 靾� 鞛堨姷雼堧嫟.
First Andes Silver (OTC:MSLVF) a annonc茅 un placement priv茅 sans interm茅diaire visant 脿 lever 1 000 000 CAD par l'茅mission de 10 000 000 d'unit茅s au prix de 0,10 CAD par unit茅. Chaque unit茅 comprend une action ordinaire et un demi bon de souscription, chaque bon complet 茅tant exer莽able 脿 0,15 CAD pendant deux ans.
Les fonds serviront 脿 financer l'expansion du programme de forage de la soci茅t茅 sur la propri茅t茅 argentif猫re Santas Gloria et 脿 fournir des fonds de roulement. Les titres seront soumis 脿 une p茅riode de restriction de revente de quatre mois, et la soci茅t茅 pourra verser des commissions aux apporteurs d'affaires enregistr茅s.
First Andes Silver (OTC:MSLVF) hat eine nicht vermittelte Privatplatzierung angek眉ndigt, um 1.000.000 CAD durch die Ausgabe von 10.000.000 Einheiten zu je 0,10 CAD zu beschaffen. Jede Einheit umfasst eine Stammaktie und eine halbe Option, wobei jede volle Option f眉r zwei Jahre zu 0,15 CAD ausge眉bt werden kann.
Die Erl枚se werden zur Erweiterung des Bohrprogramms des Unternehmens auf dem Santas Gloria Silbergrundst眉ck verwendet und dienen der Bereitstellung von Betriebskapital. Die Wertpapiere unterliegen einer viermonatigen Wiederverkaufsbeschr盲nkung, und das Unternehmen kann registrierten Vermittlern Finder-Geb眉hren zahlen.
- Raising $1,000,000 CAD to fund drill program expansion
- Warrants provide potential additional funding at $0.15 CAD per share
- Potential dilution for existing shareholders
- Four-month resale restriction period limits immediate liquidity
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLV) ( FSE: 9TZ0) (the "Company" or "First Andes") is pleased to announce a non-brokered private placement financing of up to 10,000,000 units ("Units") at a price of
Each Unit will consist of one common share of the Company (a "Share") and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant will be exercisable at
The securities issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay finders a fee in cash and/or share purchase warrants to registered finders.
The proceeds of the Offering will be used to expand on its current drill program at the Santas Gloria silver property and general working capital purposes.
About First Andes Silver Ltd.
First Andes Silver Ltd. is a British Columbia company that holds a
For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
FAQ
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