Sabina Silver nächste Blue Pearl Mining?
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Tuesday April 3, 8:30 am ET
VANCOUVER, BC--(MARKET WIRE)--Apr 3, 2007 -- SABINA SILVER CORPORATION (CDNX:SBB.V - News) ("Sabina") is pleased to announce that it has successfully closed the previously announced bought-deal private placement of 5 million units (each, a "Unit") at a price of $3.00 per Unit for gross proceeds of $15 million. Each Unit is comprised of one common share of Sabina (each a "Common Share") and one half of one Common Share purchase warrant (a "Warrant"), with each full Warrant entitling the holder thereof to purchase one Common Share at a price of $3.60 for a period of 36 months following the closing of the offering. The financing was substantially oversubscribed, and the underwriting syndicate led by Research Capital Corporation, which included BMO Nesbitt Burns Inc., and Pacific International Securities Inc. (the "Underwriters"), exercised their option to increase the size of the financing by 5 million Units at the same issue price per Unit for additional gross proceeds of $15 million. In total, 10 million Units were issued for gross proceeds of $30 million.
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The Underwriters received as compensation a 5% cash commission and 500,000 broker warrants. Each broker warrant entitles the holder to purchase one Common Share at an exercise price of $3.00 per share until April 2, 2009.
All the Units issued pursuant to the private placement are subject to a four-month hold period expiring August 3, 2007.
The net proceeds from the private placement will be used to further advance Sabina's Hackett River Project towards permitting, feasibility and ultimately production, all subject to rigorous and ongoing engineering and environmental review, and for general corporate purposes. Abraham Drost, President and Director of Sabina states, "The successful conclusion of this bought-deal financing involving strong financial partners and a variety of new shareholders constitutes a significant step forward in advancing the Hackett River Project to the bankable feasibility assessment stage."
In related corporate news, Sabina announces that drilling has resumed at Hackett River. The 2007 work plan includes additional definition and exploration drilling, geotechnical drilling and testing, further metallurgical testing and optimization, geophysical surveys of additional exploration target areas and initiation of a formal environmental impact assessment process. The information expected to be obtained from the 2007 work plan will supplement the existing database and move the Hackett River Project towards a NI43-101 compliant pre-feasibility study later in the season.
Sabina Silver Corporation is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District, and several exploration projects in Ontario in the Red Lake gold camp and Thunder Bay Mining District.
ON BEHALF OF THE BOARD OF DIRECTORS
SABINA SILVER CORPORATION
Abraham P. Drost, M.Sc., P.Geo,
President/Director
Frick seit Sonntag mit dabei hat in München Sabina empfohlen.
Läuft alles nach Plan!
2007-04-03 09:20 ET - News Release
Mr. Abraham Drost reports
SABINA SILVER SUCCESSFULLY CLOSES $30 MILLION BOUGHT-DEAL FINANCING, RESUMES DRILLING AT HACKETT RIVER
Sabina Silver Corp. has successfully closed the previously announced bought-deal private placement of five million units at a price of $3 per unit for gross proceeds of $15-million. Each unit comprises one common share of Sabina and one-half of one common share purchase warrant, with each full warrant entitling the holder thereof to purchase one common share at a price of $3.60 for a period of 36 months following the closing of the offering. The financing was substantially oversubscribed and the underwriting syndicate led by Research Capital Corp., which included BMO Nesbitt Burns Inc. and Pacific International Securities Inc., exercised the option to increase the size of the financing by five million units at the same issue price per unit for additional gross proceeds of $15-million. In total, 10 million units were issued for gross proceeds of $30-million.
The underwriters received as compensation a 5-per-cent cash commission and 500,000 broker warrants. Each broker warrant entitles the holder to purchase one common share at an exercise price of $3 per share until April 2, 2009.
All the units issued pursuant to the private placement are subject to a four-month hold period expiring Aug. 3, 2007.
The net proceeds from the private placement will be used to further advance Sabina's Hackett River project toward permitting, feasibility and, ultimately, production, all subject to rigorous and continuing engineering and environmental review, and for general corporate purposes. Abraham Drost, president and director of Sabina, states, "The successful conclusion of this bought-deal financing involving strong financial partners and a variety of new shareholders constitutes a significant step forward in advancing the Hackett River project to the bankable feasibility assessment stage."
In related corporate news, drilling has resumed at Hackett River. The 2007 work plan includes additional definition and exploration drilling, geotechnical drilling and testing, further metallurgical testing and optimization, geophysical surveys of additional exploration target areas, and initiation of a formal environmental impact assessment process. The information expected to be obtained from the 2007 work plan will supplement the existing database and move the Hackett River project toward an NI 43-101-compliant prefeasibility study later in the season.
We seek Safe Harbor.
Obwohl der Börsenkurs seit Ankündigung des 15-Mio. CAD-Private Placements zu 3 CAD unter diesen Kurs gerutscht war (akt. 2,98 CAD), gab Sabina Silver heute die Schließung der Platzierung bekannt. Es wurden 5 Mio. Aktien zu 3 CAD, die mit je einem halben Warrant mit einem Ausübungspreis von 3,60 CAD (auszuüben in den nächsten 36 Monaten) ausgestattet sind, bei institutionellen Investoren platziert. Wir glauben, dass die Konsolidierung bei Sabina Silver nun bald beendet sein wird. Halten Sie an der Aktie aufgrund der überragenden fundamentalen Daten auf jeden Fall fest.