The latest update is out from Silver Tiger Metals ( (TSE:SLVR) ).
Silver Tiger Metals Inc. has announced a bought deal financing agreement with Stifel Canada and Desjardins Capital Markets to raise approximately C$15 million through the sale of 45,455,000 common shares at C$0.33 each. The proceeds will be used for exploration and development at the El Tigre Project in Mexico, as well as for working capital and general corporate purposes. This financing move is expected to bolster the company’s operational capabilities and enhance its market positioning within the mining industry.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian company with over 25 years of experience in discovering, financing, and building large hydrothermal silver projects in Mexico. The company owns the 28,414-hectare Historic El Tigre Mining District in Sonora, Mexico, which is part of the Sierra Madre silver and gold belt known for its epithermal silver and gold deposits.
YTD Price Performance: 54.17%
Average Trading Volume: 288,837
Technical Sentiment Signal: Sell
Current Market Cap: C$136.9M
See more data about SLVR stock on TipRanks’ Stock Analysis page.