IMPACT Extends Closing of Private Placement
IMPACT Extends Closing of Private Placement
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES
OR FOR DISSEMINATION IN
THE UNITED STATES
/
Trading Symbol: "IPT: TSX.V"
VANCOUVER
,
Dec. 20, 2018
/CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company")
announces that further to its press release dated
November 6, 2018
, the Company has obtained an
extension from the TSX Venture Exchange ("TSXV") of the deadline to complete the previously
announced non-brokered private placement of up to 5,555,555 units (each a "Unit") at a price of
$0.27
per Unit for gross proceeds of approximately
$1.5 million
(the "Private Placement") to
January
18, 2019
. Each Unit consists of one common share (a "Share") and one warrant (a "Warrant").
Each Warrant entitles the holder to acquire one Share at a price of
$0.35
and expires in 24 months.
All information previously reported about the Private Placement as well as the terms and conditions
thereof remain the same.
About IMPACT Silver:
IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent
districts within its 100% owned mineral concessions covering 357km2 in central
Mexico
with
excellent infrastructure and labor force. Over the past twelve years over 8.1 Moz of Silver has been
produced, generating revenues of
$168 million
, with no long-term debt. In the historic
Royal Mines
of
Zacualpan Silver District three underground silver mines feed the central 535 TPD Guadalupe
processing plant. To the south, in the
Mamatla
District the Capire processing plant is currently rated
at 200 tpd, but is expandable. It is adjacent to an open pit silver mine with a National Instrument 43-
101 ("NI 43-101") compliant resource of over 4.5
Moz Silver
, 48 million lbs Zinc and 21 million lbs
Lead (see IMPACT news release dated
January 18, 2016
and titled "IMPACT Announces an
Updated Mineral Resource Estimate at Capire" for details) that is awaiting higher silver prices to be
restarted. Since acquiring the project, IMPACT has compiled an exhaustive database with over
5,000 old mine workings, assayed over 50,000 rock samples and over 70,000 drill core samples,
analysed over 85,000 soil samples, and put six mines into production. Additional information about
IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information
relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions
made by and information currently available to IMPACT management. Forward-looking information is
often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue",
"planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and
similar expressions, or describes a "goal", or variation of such words and phrases or state that
certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur
or be achieved. Such statements include, but are not limited to, statements with respect to the
anticipated closing date of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with
respect to, without limitations, the risk that IMPACT will not secure sufficient subscriptions for the full
amount of the Private Placement, exploration and development risks, expenditure and financing
requirements, title matters, operating hazards, metal prices, political and economic factors,
competitive factors, general economic conditions, relationships with vendors and strategic partners,
governmental regulation and supervision, seasonality, technological change, industry practices, and
one-time events. Should any one or more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward-looking statements may vary
materially from those described herein. IMPACT disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are
encouraged to review the Company's complete public disclosure record on SEDAR at
www.sedar.com
.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION
OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE
COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD
BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES
LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of
this release.
SOURCE
IMPACT Silver Corp.
View original content:
http://www.newswire.ca/en/releases/archive/December2018/20/c5787.html
%SEDAR: 00001640E
For further information:
Jerry Huang, CFO, Investor Relations, (604) 681 0172 or
CO: IMPACT Silver Corp.
CNW 18:24e 20-DEC-18