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Image source: © 2025 Krish Capital Pty.Ltd
Highlights
• Offering of up to 10,000,000 units at CAD 0.10 each for CAD 1,000,000 gross proceeds
• Each unit includes one share and half a warrant exercisable at CAD 0.15
• Proceeds to support drilling at Santas Gloria and for general working capital
First Andes Silver Ltd. (TSXV: FAS) has announced a non-brokered private placement of up to 10,000,000 units priced at CAD 0.10 per unit, for gross proceeds of CAD1,000,000. Each unit will consist of one common share and one-half of a share purchase warrant. A full warrant will be exercisable at CAD 0.15 per share for a term of two years from the date of issue.
The company, based in British Columbia, holds a 100 percent interest in the Santas Gloria silver property located approximately 100 kilometres east of Lima, Peru. The project lies within a recognized epithermal silver belt, with over 12 kilometres of mapped multiphase veins. A 2024 diamond drilling program confirmed high-grade silver presence across all tested systems, prompting follow-up drilling in 2025.
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