Silver Bullet $650,000 debenture private placement

Aug 25, 2022

2022-08-23 19:54 ET – Private Placement – Debenture

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 11, 2022.

 

Convertible debenture:  $650,000 principal amount

Conversion price:  convertible into 2,166,667 units at an exercise price of 30 cents per unit until maturity (Each unit consists of one common share and one common share purchase warrant of the company.)

Maturity date:  18 months from the date of issuance

Interest rate:  8 per cent per annum

Warrants:  2,166,667 share purchase warrants to purchase 2,166,667 common shares

Warrant price:  35 cents, exercisable for a period of four years from the closing date

Number of placees:  one placee

https://www.silverbulletmines.com/

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