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Fortuna Silver Mines acquires 5.4 million Prospero Silver shares

Fortuna Silver is a precious metal producer focused, which focuses on mining projects in Latin America

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Fortuna Silver now owns 10.7mln shares of Prospero Silver

Fortuna Silver Mines (TSE:FVI) today announced that it has acquired 5.36mln common shares of Prospero Silver. 

At a price of C$0.15 a share, the shares were acquired for C$803,571.

Fortuna now owns 10.7mln shares of Prospero which represents 22.8% of issued and outstanding shares.

Shares were acquired by Fortuna for investment purposes, the company said.

Depending on market and other conditions, Fortuna may increase or decrease its ownership, control, or direction over Prospero's shares via market transactions, private agreements and otherwise, according to the company. 

Shares of Fortuna were up 0.42% and closed at C$7.13 on Wednesday. 

Quick facts: Fortuna Silver Mines Inc

Price: 3.97 CAD

TSX:FVI
Market: TSX
Market Cap: $636.36 m
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