|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2015) - Huldra Silver Inc. (the "Company") (TSX VENTURE:HDA) announces that it has completed the second tranche (the "Second Tranche") of its previously announced offering of subordinated secured convertible debentures (each, a "Debenture") in the aggregate principal amount of up to $8 million and 5,000 non-transferrable common share purchase warrants (each, a "Warrant") for every $1,000 of principal of the Debentures (collectively, the "Offering") (see the Company's news releases dated November 24, 2014 and May 19, 2015). Pursuant to the Second Tranche, the Company issued Debentures in the aggregate principal amount of $250,000 (the "Principal Amount") and 1,250,000 Warrants. Each Warrant is exercisable into one common share of the Company (each, a "Share") at an exercise price of $0.075 per Share until May 20, 2016 and at $0.10 per Share from May 21, 2016 to May 20, 2019, subject to the terms and conditions of the Warrants. On November 24, 2014, the Company completed a first tranche of the Offering (the "First Tranche") for gross proceeds of $7,000,882. To date, the Company has raised a total of $7,250,882 pursuant to the Offering. |
