Mining & Metals
Silver Storm Mining Closes Final Tranche of Private Placement, Raises Total C$21 Million
Silver Storm Mining (SVRS.V) said Monday it closed the second and final tranche of its non-brokered private placement, raising gross proceeds of C$6.38 million. The company issued 12.75 million units at C$0.50 apiece in the second tranche.Together with the first tranche, Silver Storm issued a total of 42 million units for aggregate gross proceeds of C$21 million.Silver Storm said it plans to use the net proceeds mainly for surface and underground drilling at the La Parrilla Silver Mine Complex and for working capital.
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