Bedford, Nova Scotia (FSCwire) – NSX Silver Inc. (TSXV:NSY.H) (“NSX Silver” or the “Company”) has closed a non-brokered private placement to raise $300,000 through the issuance of 4,999,992 units at a price of $0.06 per unit.
Each unit is comprised of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company for $0.12 for a period of 12 months from the closing date.
All securities issued in connection with the private placement are subject to a four-month hold period that expires on December 17, 2016. The proceeds from the private placement will be used for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange.