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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 5, 2013) - El Tigre Silver Corp. ("El Tigre" or the "Company") (TSX VENTURE:ELS)(FRANKFURT:5RT)(OTCQX:EGRTF) is pleased to announce a non-brokered private placement for up to 6,000,000 units of the Company ("Units") at a price of $0.25 per Unit for aggregate cash proceeds of $1,500,000. Each Unit will be comprised of one common share and one-half of a common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company's discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice. |
