Viscount Mining (CVE:VML) (OTCMKTS:VLMGF) announced Thursday that the TSX Venture Exchange has accepted for filing the documentation related to its non-brokered private placement announced on January 22.
The British Columbia-based company is set to bring in around C$1 million gross via the private placement.
Viscount will issue over 5 million units at $0.20 each to raise gross $1,002,500.
Each unit consists of one company share and one share purchase warrant, which will entitle the holder to buy a further share for two years from the closing date at $0.35 per warrant share.
The net proceeds from the placement will be used to advance the company's projects in Nevada and Colorado and for general corporate and working capital.
Viscount is a project generator with a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.
Contact Ellen Kelleher at [email protected]