Feb. 12 at 12:32 AM
$SMDRF Posted on behalf of Sierra Madre Gold & Silver Ltd. – Last week, Sierra Madre closed the second and final tranche of its brokered private placement, raising total gross proceeds of
$57.5 million at
$1.30 per subscription receipt, including full exercise of the agents’ optionL: https://sierramadregoldandsilver.com/read/auto-news-1769784649
Notably, proceeds will be allocated toward the completion of the Del Toro acquisition which includes three fully permitted underground mines and modern 3,000-tpd mill, adding a second high-quality mining complex alongside La Guitarra.