Bullboard - Stock Discussion Forum Summa Silver Corp V.SSVR

Alternate Symbol(s): SSVRF

Metals & Mining Industrial Metals & Minerals

Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company owns a 100% interest in the Hughes project located in central Nevada and in the Mogollon project located in southwestern New Mexico. The Hughes Property is located within and adjacent to the town of Tonopah, Nevada, the County Seat of Nye County, in the west-central part of the State. The Property comprises... see more

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TSXV:SSVR - Post Discussion

Summa Silver Corp > SSVR closes $10M PP w/ Sprott subscribing for $3M

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Post by waves1 on Dec 29, 2022 1:59pm

SSVR closes $10M PP w/ Sprott subscribing for $3M

SSVR has closed its brokered private placement offering for aggregate gross proceeds of $10.3M, placing SVR in a strong position to start 2023 as the fundamentals for silver are strong and increasingly bolstered by the expected increase in demand from the solar and EV sectors!

Notably, Eric Sprott was a lead subscriber for $3M and he now beneficially owns ~18.5% on a non-diluted basis and 23.9% on a fully diluted basis. Sprott acquired these securities for investment purposes as he has a long-term view of SSVR and may acquire additional securities.

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