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Bullboard - Stock Discussion Forum Summa Silver Corp V.SSVR

Alternate Symbol(s):  SSVRF

Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation activities at the Hughes property in Nevada and the Mogollon property in New Mexico. The Company owns a 100% interest in the Hughes project located in central Nevada. The Hughes Property is located in central Nevada and consists of approximately 57... see more

TSXV:SSVR - Post Discussion

Summa Silver Corp > $10M private placement to close ~Dec 29, 2022
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Post by waves1 on Dec 21, 2022 3:56pm

$10M private placement to close ~Dec 29, 2022

The timing of SSVR's private placement aligns well with the macro environment trending toward a more positive outlook - The PP os for gross proceeds of $10M with up to 12,500,000 units available at a price of $0.80 per unit, each unit will consist of one common share and one-half of one common share purchase warrant, exercisable at a price of $1.20/share.
 
SSVR has come a long way in its less than 3 years since inception, having advanced both of its landmark American high-grade silver projects and the net proceeds of this pp will be used for further exploration work.
https://ca.finance.yahoo.com/news/summa-silver-announces-10-million-124100864.html
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