Sierra Madre Announces Closing of Definitive Acquisition of La Guitarra - Seite 2

Release Dates

Proportion of Total Escrowed Securities to be Released

September 29, 2023

25%

March 29, 2024

25%

September 29, 2024

25%

March 29, 2025

25%

The contractual resale restrictions above will not apply to the Excess Shares, which will remain subject to customary carve-outs in the event of a takeover bid or merger or acquisition transaction involving the Common Shares.

Concurrent Financing

On September 8, 2022, the Company completed the first tranche (the "First Tranche") of a "best efforts" brokered private placement financing (the "Private Placement") pursuant to an agency agreement dated September 8, 2022 (the "Agency Agreement") with Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicate of agents including Haywood Securities Inc.

Pursuant to the Agency Agreement, the Private Placement is compromised of (i) subscription receipts of the Company (the "Subscription Receipts") at a price of $0.65 per Subscription Receipt (the "Subscription Receipt Offering"), and (ii) Common Shares at a price per $0.65 per Common Share (the "Common Share Offering"), for aggregate gross proceeds of up to $10,000,250, as further described in the Company's news release dated September 8, 2022.

Under the First Tranche, the Company issued 9,504,647 Subscription Receipts at a price of $0.65 per Subscription Receipt for aggregate gross proceeds of $6,178,020.55. Each Subscription Receipt has, upon satisfaction of certain escrow release conditions, including the closing of the Acquisition, and without the payment of any additional consideration, automatically converted into one Common Share. The Company expects the Common Share Offering to close in early April, 2023.

Trading Halt

The Common Shares continue to be halted from trading, and the Common Shares are expected to resume trading following the closing of the Common Share Offering, or as otherwise determined by the TSXV.

About Sierra Madre

Sierra Madre Gold & Silver (TSX.V: SM) is a precious metals development and exploration company, focused on the restart of the La Guitarra Mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic and La Tigra properties in Nayarit, Mexico. The La Guitarra Mine is a permitted, past-producing underground mine which includes a 500 t/d processing facility that operated until mid-2018.

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2429,54$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

Vontobel

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer