Prospero Announces C$1.0m Private Placement

Prospero Silver_160418

April 16, 2018 – Prospero Silver Corp. (TSX-V: PSL; the “Company” or “Prospero”) is pleased to announce that it proposes to complete a non-brokered private placement of up to 11.1 million units at a price of $0.09 per unit (a “Unit”), for gross proceeds of up to $1,000,000. Each Unit will consist of one common share of Prospero (a “Share”) and one-half of a non-transferable share purchase warrant exercisable for a term of two years, subject to the acceleration terms described below (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Share at an exercise price of $0.16 per Share. Finder’s fees may be payable on all, or part, of the offering, and such finder’s fees will be paid in cash. The completion of the offering is subject to acceptance for filing by the TSX Venture Exchange (the “TSX.V”).

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s