Prince Silver Corp. Completes $1.25 Million Private Placement

Prince Silver Corp., a silver exploration company, has announced the completion of a non-brokered private placement, securing total gross proceeds of $1.25 million. The funds were raised through the issuance of 3,125,000 units at $0.40 each. Each unit comprises one common share and a half warrant, with whole warrants exercisable to purchase one common share at $0.60 within a year.

The company paid aggregate cash finders fees of $16,695. The generated funds will expand the drilling program at Prince Silver Project in Nevada from 6,500 to 8,200 meters and support general corporate activities. Issued securities are subject to a hold period of four months and one day.

Prince Silver focuses on exploratory activities at its projects in Nevada and southern British Columbia, emphasizing further development and discovery.