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Highlights
- Silver Mountain entered a bought deal to raise CAD 15,002,000 through unit issuance.
- Each unit is priced at CAD 1.30 and includes one share and half a warrant.
- Proceeds will fund the Reliquias mine, Caudalosa plant, and general working capital.
Silver Mountain Resources Inc. (TSXV:AGMR) has entered into a bought deal financing agreement with Velocity Capital Partners, acting on behalf of a syndicate of underwriters. Under the agreement, the underwriters will purchase 11,540,000 units of the company at CAD 1.30 per unit, for total gross proceeds of CAD 15,002,000.
Silver Mountain is a Canadian mining company focused on developing silver and polymetallic assets in Peru. Its flagship project, the Reliquias mine, is located in a well-established mining district supported by existing infrastructure and local partnerships. The company’s development strategy includes advancing both the Reliquias mine and the Caudalosa processing plant.
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