Day: May 31, 2022

GR Silver Announces Receipt of Final Prospectus and Automatic Exercise of Special Warrants into Units

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GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to report that it has filed its final short form prospectus dated May 30, 2022 (the “Prospectus“) and obtained a receipt (the “Final Receipt“) with the securities regulatory authorities in the Provinces of British Columbia, Alberta, Manitoba and Ontario.  The Prospectus qualifies the distribution of an aggregate of 27,236,755 units of the Company (each a “Unit“), which are issuable for no additional consideration upon the deemed exercise of 27,236,755 special warrants (each a “Special Warrant“) which were sold pursuant to a brokered private placement offering (the “Offering“) completed by the Company on March 29, 2022 (the “Closing Date“). The Special Warrants were sold at a price of $0.27 per Special Warrant for aggregate gross proceeds of $7,353,923.85.  The Offering was conducted by Beacon Securities Limited and Red Cloud Securities Inc., as co-lead agents, and Echelon Wealth Partners Inc. (collectively, the “Agents“). read more

Lucky Minerals Increases Non-Brokered Private Placement Financing To $2.0 Million And Adds Additional Strategic Investor, Victor Cantore

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Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA: LKY) (“Lucky” or the “Company“) is pleased to announce that it has increased the previously announced (May 27, 2022 News Release) non-brokered private placement from 33,000,000 to up to 35,714,286 units (the “Units“) for gross proceeds of up to $2.0 million (the “Offering“). Investors in the Offering now include Mr. Victor Cantore, President and CEO of Amex Exploration in addition to previously announced Mr. Michael Gentile, CFA.

The Offering will now consist of approximately 35,714,286 Units of the Company at CDN $0.056 per Unit, for gross proceeds of approximately $2.0 million. Each Unit is comprised of one common share (a “Share“) and one full three-year common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Share at a price of CDN $0.10 per Share, until the date that is 36 months from the closing (the “Closing“) of the Offering. All the Shares and Warrants issued in connection to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance. read more