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Silver Wolf raised C$2.125M to drill at its Mexican property, with a related party buying 5M units.
Silver Wolf Exploration Ltd. has closed an upsized non-brokered private placement raising C$2.125 million by selling 14,166,665 units at C$0.15 each, with proceeds funding a 13-hole, 3,000-meter drill program targeting the Skarn zone at its Ana Maria property in Mexico.
Each unit includes one share and half a warrant exercisable at C$0.25 within 36 months.
Avino Silver & Gold Mines Ltd., a related party, bought 5 million units for C$750,000, increasing its stake to about 11.65% on a non-diluted basis.
The transaction is exempt from formal approval under MI 61-101 and triggered an early warning report.
The offering remains subject to final TSX-V acceptance.
Silver Wolf recaudó C $ 2.125 millones para perforar en su propiedad mexicana, con una parte relacionada comprando 5 millones de unidades.