Bedford -
NSX Silver Inc. (TSXV:NSY.H) (“NSX Silver” or the “Company”) has closed a non-brokered private placement to raise $300,000 through the issuance of 4,999,992 units at a price of $0.06 per unit.
Each unit is comprised of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company for $0.12 for a period of 12 months from the closing date.
All securities issued in connection with the private placement are subject to a four-month hold period that expires on December 17, 2016. The proceeds from the private placement will be used for general working capital purposes. The private placement remains subject to final approval of the TSX Venture Exchange.
Certain officers and directors of the Company subscribed for an aggregate of 1,021,665 units.
Neither 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
(Not for distribution to US wire services or for dissemination in the United States of America)
For further information, please contact:
NSX Silver Inc.
Glenn A. Holmes, Chief Financial Officer
(902) 798-1148
glenn.holmes@nsxsilver.com
