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| Home : Canadian Silver Hunter Announces $600,000 Non-Brokered Private Placement |
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Oct 13
2011 |
Canadian Silver Hunter Announces $600,000 Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwire - Oct. 13, 2011) - Canadian Silver Hunter Inc. ("CSH") (TSX VENTURE:AGH) is pleased to announce that it intends to complete a non-brokered private placement financing of up to 1,714,285 flow-through units (the "Units") at a price of $0.35 per Unit for gross proceeds of up to $600,000 (the "Offering").
Each Unit will consist of one common share in the capital stock of CSH ("Common Share") issued on a flow-through basis and one-half (1/2) of one Common Share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to acquire one Common Share for $0.50 for a period of 24 months from the date of issuance. CSH will have the option to accelerate the expiry date of the Warrants should the closing price of the Common Shares on the TSX Venture Exchange ("TSX-V"), or such other exchange as the Common Shares may then trade, exceed $0.60 for 20 consecutive trading days following the date that is four months and one day after the date of issuance of the Warrants. CSH may accelerate the term of the Warrants to the date which is 30 days following the date a press release is issued by CSH announcing the reduced term of the Warrants. |
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| Source:http://www.marketwire.com/mw/release.do?id=1572802&sourceType=3 |
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