Aftermath Silver Ltd. announced a non-brokered private placement of up to 14,285,714 units at a price of CAD 0.35 per unit for total gross proceeds of up to CAD 4,999,999.9 on September 17, 2024. Each unit will be comprised of one common share and one-half of one transferable common share purchase warrant. Each warrant is exercisable by the holder thereof to acquire one additional common share for a period of 24 months from the date of issuance at a price of CAD 0.45 per warrant share.
The transaction included participation from returning investor 2176423 Ontario Ltd. All securities issued with respect to the private placement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The closing of the private placement is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.
