AbraSilver Announces $8 Million "Bought Deal" Private Placement

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Last update: Nov 30, 2022

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TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- AbraSilver Resource Corp. ("AbraSilver" or the "Company") (TSXV: ABRA; OTCQX: ABBRF) is pleased to announce that it has entered into an agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement financing of 21,622,000 units of the Company (the "Units") at a price of $0.37 per Unit (the "Issue Price"), for aggregate gross proceeds of $8,000,140 (the "Offering").