Masivo Silver Announces Upsize to Non-Brokered Private Placement
Vancouver, British Columbia, April 18, 2024 - Masivo Silver Corp. (TSXV: MASS) (“Masivo” or the “Company”) is pleased to announce that it has amended the terms of its non-brokered private placement, previously announced on April 1, 2024. The offering under the amended terms will consist of up to 20 million units at a price of $.0525 per unit for gross proceeds of up to $1,050,000. Each unit will consist of one common share and one full common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at an exercise price of $0.15 for a period of 24 months from the date of issuance.
Completion of the offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period. Finders’ fees will be paid on the offering.
The company intends to use the net proceeds from the offering to advance exploration on the Boston Mine in the state of Nevada and for general working capital.
About Masivo Silver Corp.
Masivo is a Canadian junior silver and gold mining exploration company based in Vancouver, Canada. Masivo is currently focused on advancing its exploration on the Boston Mine in the State of Nevada, US, and on its projects in the State of Sinaloa, Mexico. The Company’s mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Masivo’s current operations and vision, is available on the Company’s website at www.masivosilver.com or email [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS “David Coburn” Chief Executive Officer For information, please contact the Company:
Phone: 602-315-1231 E-mail: [email protected] Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.