SILVER MINES Limited [AUSTRALIA] Share Placement saw the introduction of well-regarded resources institutional shareholder Sprott Asset Management LP of Canada (“Sprott”) who subscribed for A$1.0 million of the Placement.
Hi ggslv58, I'd invite you to join and contribute to my new mining thread:
These are the kind of questions we want to address and explore. Would be awesome if you'd contribute and throw your questions. Hopefully we can collectively get really interesting conversations started as we make some money!
SPROTT Silver Mines Limited
SPROTT JOINS REGISTER IN $2.75M SHARE PLACEMENT Sprott Asset Management LP of Canada (“Sprott”) who subscribed for A$1.0 million of the Placement. https://www.silvermines.com.au/wp-content/uploads/2019/07/SVL-20190705-P... comments from Eric Sprott https://www.sprottmoney.com/Blog/bigger-prices-ahead-for-gold-weekly-wra...
thanks how do we join threads ??
Silver Mines Limited (ASX:SVL) (“Silver Mines”, “the Company”) is pleased to provide an update in regards to royalties applying to its 100%-owned Bowdens Silver Project, near Mudgee in central New South Wales. SilverStream Transaction Silver Mines has received notice from Ochre Group Holdings Ltd (“Ochre Group”) of a proposal to sell its historical 0.85% gross royalty over Bowdens and the wider project area to SilverStream SEZC (“SilverStream”). The proposed purchase consideration for the royalty is approximately A$3.03 million at current USD/AUD exchange rates. Under the terms of the royalty deed, Silver Mines had a Right of First Refusal (“ROFR”) over any proposed transaction concerning the royalty. Pursuant to this right, the Company has elected not to exercise its ROFR, and has provided notice to Ochre Group that it may proceed with the SilverStream transaction. Cayman Islands-based SilverStream is a mining-focused royalty and streaming company that holds a basket of royalties covering precious, base, battery and specialty metals. Its portfolio consists of royalties and streams attached to both cash-flowing and longer-term growth oriented assets around the world. It is currently finalising its Initial Public Offering on the TSXV Exchange in Canada.