IMPACT Silver Announces Private Placement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/361-tsx-venture/ipt/20076-impact-silver-announces-private-placement.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 20, 2016) – IMPACT Silver Corp. (TSX VENTURE:IPT) (“IMPACT” or the “Corporation”) is pleased to announce a brokered private placement (the “Private Placement”) of a minimum of $3,000,000 worth of units (each a “Unit”), at a price of $0.57 per Unit (a minimum of 5,263,158 units). Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a “Warrant”) entitles the holder to purchase one common share (each a “Share”) per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

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