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The share price of Endeavor Silver (EXK.NYSE), Silvercorp (SVM.T), Fortuna Silver (FSM.NYSE), First Majestic Silver (AG.NYSE) and Impact Silver (IPT.V) are soaring.
The company is looking to raise gross proceeds of up to $500,000 from the placement of up to 5 million units priced at $0.10 per unit. The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.12 for 24 months, subject to an acceleration clause.