RE:RE:RE:Volume more than 6 million this morningFrankstevens, maybe try reading the company's press releases instead of guessing and being dramatic. They proposed a financing and 10 for 1 share consolidation on September 20. Its a complete flop, now raising just enough to get out of a hole and keep the lights on for a bit. Half cent shares with half cent warrants! No indication of any way forward.
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Caracara Silver arranges $150,000 private placement
2017-09-20 15:18 ET - News Release
Ms. Daniella Tintor reports
CARACARA SILVER ANNOUNCES PRIVATE PLACEMENT TO EXISTING SHAREHOLDERS and OTHER INVESTORS
Caracara Silver Inc. Arranges $150,000 Private Placement Caracara Silver Inc. has arranged a non-brokered private-placement offering for total gross proceeds of up to $150,000. Pursuant to the offering, CSV will issue a total of up to 30 million units at a price of half of one cent per unit. Each unit shall comprise of one common share and one warrant exercisable at 0.5 cent for a period of one year. The company will undertake to consolidate it shares on a minimum of 10 old shares for one new share prior to Feb. 20, 2018.
CSV plans to seek a discretionary waiver from the five-cent minimum pricing requirement by the TSX Venture Exchange pursuant to the TSX-V bulletin dated April 7, 2014. There is no assurance that the TSX-V will approve this financing. A finder's fee may be paid by the company, in connection with the offering, in accordance with the policies of the TSX-V.