Tuesday, May 24, 2016

IMPACT Silver Corp. - IPT.v

IMPACT Silver Corp. - IPT.v has two production centres on its 357-square-kilometer land package - the Guadalupe Production Centre in the north, and the Capire Production Centre in the south.

At Guadalupe, IMPACT's three underground silver mines feed a central 500-tpd processing plant.

On May 20, 2016 the company released News
IMPACT Silver Corp. ("IMPACT" or the "Corporation") is pleased to announce a brokered private placement (the "Private Placement") of a minimum of $3,000,000 worth of units (each a "Unit"), at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a "Warrant") entitles the holder to purchase one common share (each a "Share") per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

The Corporation is pleased to announce that it has appointed a syndicate of agents led by M Partners Inc. ("M Partners") and including Clarus Securities Inc. to sell the Units by way of Private Placement. As per the terms of the appointment of the syndicate of agents, the Corporation will pay a commission of 7% on the value of Units issued on the Private Placement and issue to the agents Warrants equal to 7% of the number of Units issued on the Private Placement.

The net proceeds of the Offering will be used to fund the Corporation's continued exploration and development of its silver assets in Mexico, and for general working capital purposes.
See ----->http://angrygeologist.blogspot.ca/2016/05/san-ramon-saint-or-sinner.html