TSXV:SLX.P - Post by User
Post by
mousermanon Nov 29, 2010 7:55pm
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Post# 17773447
reply from SLX as per pp
reply from SLX as per ppdear xxxxxxxx:
The private placement is a specifically institutional round. Therefore, we have not opened it up to the retail community. We anticipate that the placement will be closed and fully subscribed within a few days.
I will be happy to keep you apprised of future financings. However, we anticipate that the capital raised from this placement, along with current funds on hand, will enable the Company to enhance shareholder value in a very significant way throughout 2011. Our goal will be to increase mine output and mill production volumes and grade in the coming year, which will enhance the cash flow.
If there is further information I can provide to you, please contact me directly.
Regards,
Jason Leikam
Silvermex Resources
778-858-8085