Capitan Silver Announces C$1.5 M Non- Brokered Private Placement
Capitan Silver Announces C$1.5 M Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) -
CAPITAN SILVER CORP. (TSXV:
CAPT) ("Capitan" or "the Company")
is pleased to announce that with the support of its large
shareholders it intends to raise C$1.5 million, by way of a non-brokered private placement of 10 million
common shares (the "Shares") at a price of C$0.15 per Share (the "Private Placement"). Capitan
intends to use the net proceeds from the Private Placement to continue to advance the Cruz de Plata
gold-silver project, evaluate potential acquisitions as well as to fund working capital and general
corporate expenses.
The closing of the Private Placement is expected to occur on or about March 29th, 2024, and is subject
to the receipt of all necessary regulatory approvals, including the approval of the TSX-V. All securities
issued pursuant to the Private Placement will be subject to a four month hold period in accordance with
applicable Canadian securities laws. There is no material fact or material change regarding Capitan that
has not been generally disclosed.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the 1933 Act and
applicable state securities laws or an exemption from such registration is available.
About Capitan Silver Corp.
Capitan Silver is a well-funded junior exploration company focused on its 100% owned gold and silver
Cruz de Plata Project in Durango, Mexico. The Company is led by a management team that has
successfully advanced and developed several heap leach operations in Mexico over the past 16 years.
More information for the Company can be found at
www.capitansilver.com
.
ON BEHALF OF CAPITAN SILVER CORP.
"Alberto Orozco"
Alberto Orozco, CEO
For additional information contact:
Alberto Orozco
CEO
Capitan Silver Corp.
Phone: (78) 327-6671
Fax: (778) 327-6675
Wed:
www.capitansilver.com
Raffi Elmajian
Corporate Communications
Capitan Silver Corp.
Phone: (778) 327-6671
Web:
www.capitansilver.com
Certain statements in this press release may be considered forward-looking information. These
statements can be identified by the use of forward-looking terminology (e.g., "expect"," estimates",
"intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks --
including the availability of funds, the results of financing and exploration activities, the interpretation of
exploration results and other geological data, or unanticipated costs and expenses and other risks
identified by Capitan in its public securities filings that may cause actual events to differ materially from
current expectations. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/200284