Prospero Silver Corp. is pleased to announce that further to the strategic cooperation agreement between Prospero and Fortuna Silver Mines dated May 10, 2017 as subsequently amended, Fortuna has exercised its right to be granted an option to acquire up to a 70% interest in the Pachuca SE Project, located close to the historic mining city of Pachuca in Hidalgo State by spending a total of US$8.0 million in qualifying [...]
Prospero Silver Corp. has completed its recently announced private placement financing with ortuna Silver Mines, raising aggregate gross proceeds of CAD$356,000. The offering consisted of the sale of 4,746,667 common shares of the Company for proceeds of CAD$356,000. All securities issued in the offering are subject to a hold period expiring on January 18, 2019. The offering is subject to the final acceptance of the TSX [...]
Prospero Silver is pleased to provide results for drilling of its Buenavista project in northwest Durango State. Eleven holes, totaling 2,811m of core drilling, were completed. The drilling at Buenavista was the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Minesmade in May 2018, as per the revised agreement and warrant exercise announced on May 7, 2018 [...]
Prospero Silver Corp. is pleased to announce that it has arranged a US$270,000 strategic investment from Fortuna Silver Mines Inc. , a growth-oriented mid-tier precious metals producer. Fortuna currently owns an aggregate of 10,714,284 common shares of the Company representing an aggregate of 20.32% of the current issued and outstanding shares. Following the completion of the private placement, Fortuna will own 15,460,951 [...]
Prospero Silver is pleased to announce that it has completed its second and final tranche of its previously announced private placement financing raising aggregate gross proceeds of $1,009,680.00. The second tranche of the Offering consisted of the sale of 5,468,889 units at $0.09 per Unit for gross proceeds of $492,200.02. Each Unit consists of one common share of the Company and one half of one common share purchase [...]
Prospero Silver is pleased to announce that drilling started at the Buenavista project in northwest Durango State, Mexico on May 26, 2018. This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines made in May 2018, as per the revised agreement and warrant exercise announced on May 7, 2018. As on the first three projects, the drill program is preliminary in [...]
Prospero Silver is pleased to announce that on May 18, 2018, it completed a private placement of $517,479.98 which was previously announced on April 16, 2018. The Company also began the process of closing the second tranche today which it intends to close within the next five business days, for additional proceeds of approximately $495,000. Bill Murray, the Chairman of Prospero commented: "With the closing of our private [...]
Prospero Silver announces that it has amended its planned work program for 2018 following discussions and agreements with its strategic partner, Fortuna Silver Mines. Prospero and Fortuna have also agreed to amend their May 8, 2017 strategic financing agreement, including an agreement for the repricing and exercise of Fortuna's 5,357,142 share purchase warrants to provide additional funding for the 2018 drill program [...]
Prospero Silver is pleased to provide an update on planned exploration work on its Mexican projects for the remainder of 2018. The key objective for Prospero and its strategic partner Fortuna Silver Mines is to complete first-pass, proof-of-concept drill testing of key projects in the Altiplano belt of northern Mexico. Three projects have been shortlisted: Bermudez, Buenavista and Trias. Bermudez and Buenavista are [...]
Prospero Silver is pleased to announce that it proposes to complete a non-brokered private placement of up to 11.1 million units at a price of $0.09 per unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one common share of Prospero and one-half of a non-transferable share purchase warrant exercisable for a term of two years, subject to the acceleration terms described below . Each whole Warrant will [...]
Prospero Silver is pleased to announce the results of the third hole of a 3-hole drill program at the Pachuca SE project close to the historic mining city of Pachua in Hidalgo State, Mexico. Prospero announced earlier this month that it had discovered a new gold and silver-bearing epithermal vein system with holes 1 and 2 of the program. Drilling has confirmed the presence of highly anomalous silver values hosted by blind [...]
Prospero Silver is pleased to announce that a limited 3-hole drill program at the Pachuca SE project close to the historic mining city of Pachua in Hidalgo State, Mexico, has discovered a new gold and silver-bearing epithermal vein system. Drilling of the Pachuca targets completes the third of three initial projects funded by Fortuna Silver in early stage "proof of concept" programs. Under the terms of a strategic [...]
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