“`html
First Andes Silver (TSXV: FAS, OTC: MSLVF) has completed the first tranche of its non-brokered private placement, raising $1,017,000 CAD through the issuance of 10,170,000 units at $0.10 CAD per unit.
Each unit comprises one common share and one-half share purchase warrant, with each full warrant exercisable at $0.15 CAD for two years. The company paid $42,350 in finder’s fees and issued 423,500 finder’s warrants. Proceeds will fund the expansion of drilling at the Santas Gloria silver property and working capital needs.
The securities have a four-month resale restriction period, and a second tranche is expected to close within seven days, subject to TSX Venture Exchange approval.
First Andes Silver (TSXV: FAS, OTC: MSLVF) ha completato la prima tranche della sua collocazione privata non mediata da broker, raccogliendo 1.017.000 CAD attraverso l’emissione di 10.170.000 unità a 0,10 CAD per unità.
Ogni unità comprende una azione ordinaria e mezza opzione di acquisto azioni, con ogni opzione completa esercitabile a 0,15 CAD per due anni. La società ha pagato 42.350 CAD in commissioni di intermediazione e ha emesso 423.500 warrant per i finder. I proventi finanzieranno l’espansione delle perforazioni nella proprietà argentifera Santas Gloria e le esigenze di capitale circolante.
I titoli sono soggetti a un periodo di restrizione alla rivendita di quattro mesi, e si prevede la chiusura di una seconda tranche entro sette giorni, subordinata all’approvazione della TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF) ha completado la primera tranche de su colocación privada sin intermediarios, recaudando 1.017.000 CAD mediante la emisión de 10.170.000 unidades a 0,10 CAD por unidad.
Cada unidad consta de una acción común y media opción de compra de acciones, con cada opción completa ejercitable a 0,15 CAD durante dos años. La compañía pagó 42.350 CAD en comisiones a intermediarios y emitió 423.500 opciones para intermediarios. Los fondos se destinarán a la expansión de la perforación en la propiedad de plata Santas Gloria y a necesidades de capital de trabajo.
Los valores tienen un período de restricción para su reventa de cuatro meses, y se espera que una segunda tranche cierre dentro de siete días, sujeta a la aprobación de la TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF)는 중개인 없이 진행된 사모 발행의 첫 번째 분할을 완료하여, 단위당 0.10 CAD에 10,170,000 단위를 발행해 1,017,000 CAD를 조달했습니다.
각 단위는 보통주 1주와 주식매수청구권 0.5주로 구성되며, 주식매수청구권은 2년간 단위당 0.15 CAD에 행사할 수 있습니다. 회사는 중개인 수수료로 42,350 CAD를 지급하고 423,500개의 중개인용 주식매수청구권을 발행했습니다. 조달 자금은 Santas Gloria 은광의 시추 확장과 운전자본 필요에 사용될 예정입니다.
증권은 4개월간 재판매 제한 기간이 있으며, 두 번째 분할은 TSX 벤처 거래소 승인에 따라 7일 이내에 마감될 예정입니다.
First Andes Silver (TSXV : FAS, OTC : MSLVF) a complété la première tranche de son placement privé sans courtier, levant 1 017 000 CAD par l’émission de 10 170 000 unités à 0,10 CAD l’unité.
Chaque unité comprend une action ordinaire et un demi-warrant d’achat d’actions, chaque warrant complet étant exerçable à 0,15 CAD pendant deux ans. La société a versé 42 350 CAD en frais de courtage et émis 423 500 warrants pour les apporteurs d’affaires. Les fonds serviront à financer l’expansion du forage sur la propriété argentifère Santas Gloria et les besoins en fonds de roulement.
Les titres sont soumis à une période de restriction de revente de quatre mois, et une seconde tranche devrait se clôturer dans les sept jours, sous réserve de l’approbation de la TSX Venture Exchange.
First Andes Silver (TSXV: FAS, OTC: MSLVF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 1.017.000 CAD durch die Ausgabe von 10.170.000 Einheiten zu je 0,10 CAD eingenommen.
Jede Einheit besteht aus einer Stammaktie und einer halben Kaufoption, wobei jede volle Kaufoption für zwei Jahre zu 0,15 CAD ausgeübt werden kann. Das Unternehmen zahlte 42.350 CAD Findergebühren und gab 423.500 Finder-Warrants aus. Die Erlöse werden zur Erweiterung der Bohrungen auf dem Silbergrundstück Santas Gloria und für den Betriebskapitalbedarf verwendet.
Die Wertpapiere unterliegen einer viermonatigen Wiederverkaufsbeschränkung, und eine zweite Tranche soll innerhalb von sieben Tagen abgeschlossen werden, vorbehaltlich der Genehmigung der TSX Venture Exchange.
Positive
- Secured $1.017M CAD in fresh capital through private placement
- Warrants provide potential for additional future funding at $0.15 per share
- Funds allocated to expand drill program at Santas Gloria silver property
Negative
- 4-month resale restriction period limits immediate liquidity
- 10% dilution through issuance of new shares
- Additional dilution expected with second tranche closing
07/16/2025 – 09:04 PM
Vancouver, British Columbia — First Andes Silver (TSXV: FAS, OTC Pink: MSLVF) has shored up its coffers with a successful first tranche closing of its non-brokered private placement, the company announced late Wednesday. The offering, initially detailed on July 4th and 15th, brought in a gross of $1,017,000 CAD via the issuance of 10,170,000 units priced at $0.10 CAD apiece.
Investors participating in the placement receive not only a common share but also a sweetener in the form of half a share purchase warrant. These warrants, once whole, allow the holder to purchase an additional share at $0.15 CAD, exercisable for a period of two years from the issue date, potentially providing further capital infusions down the line for First Andes.
The company moved swiftly to reward those who facilitated the financing, disbursing $42,350 CAD in finder’s fees and issuing 423,500 share purchase warrants—each also exercisable at $0.10 per share over two years. But, as always, there’s a catch: securities issued under this initial tranche are subject to a four-month resale restriction, a common practice designed to prevent immediate flipping of shares.
So where’s this newly acquired capital headed? According to First Andes, the proceeds will primarily fuel an expanded drill program at their Santas Gloria silver property. Situated a comfortable 55 kilometers east of Lima, Peru, in a historically mined district, Santas Gloria boasts impressive road access and sits within a well-known intermediate sulfidation epithermal belt. Mapping reveals over 12 kilometers of multiphase veins, largely unexplored by modern drilling techniques until First Andes took the helm in 2024. Last year’s maiden diamond drill program revealed promising high-grade silver on all drilled vein systems, paving the way for an aggressive follow-up campaign in 2025.
The company anticipates closing the second tranche of the offering within the next week, pending the green light from the TSX Venture Exchange. While this move promises further funds, it also means potential dilution for existing shareholders.
First Andes Silver describes itself as holding a 100% interest in the high-grade Santas Gloria silver property. The company’s focus is on capitalizing on what it believes to be a significantly underexplored asset with readily accessible infrastructure.
As always, the company includes a cautionary note regarding forward-looking statements, reminding investors that actual results may differ materially from current expectations due to various risks and uncertainties, including financing challenges and regulatory hurdles. The TSX Venture Exchange, for its part, has not reviewed the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259092
FAQ
How much did First Andes Silver (MSLVF) raise in its first tranche private placement?
First Andes Silver raised $1,017,000 CAD by issuing 10,170,000 units at $0.10 CAD per unit in the first tranche of its private placement.
What are the terms of First Andes Silver’s (MSLVF) private placement warrants?
Each unit includes one-half warrant, with each full warrant exercisable at $0.15 CAD per share for a period of two years from the issue date.
How will First Andes Silver (MSLVF) use the proceeds from the private placement?
The proceeds will be used to expand the current drill program at the Santas Gloria silver property and for general working capital purposes.
What finder’s fees did First Andes Silver (MSLVF) pay for the private placement?
The company paid $42,350 CAD in finder’s fees and issued 423,500 finder’s warrants exercisable at $0.10 per share for two years.
When is First Andes Silver (MSLVF) expected to close the second tranche?
The company expects to close the second tranche within seven calendar days, subject to TSX Venture Exchange acceptance.
“`
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/4922.html
