Southern Silver Exploration (SSV.V) and Equity Metals (EQTY.V) recently announced they have closed their respective financings.
Southern Silver closed a C$6M LIFE placement priced at C$0.50 per share (no warrants were issued as part of this financing), while Equity Metals raised C$4.6M in a Charity/Premium flow-through financing. That financing was priced at C$0.23 per unit with each unit consisting of one flow-through share and half a warrant. Each full warrant allows the warrant holder to acquire an additional share for C$0.40 within a three year period.
The respective financings will be useful to advance their silver-dominant projects in respectively Mexico and British Columbia.
Disclosure: The author has no position in Southern Silver Exploration or Equity Metals. Both companies are a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
