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ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0% ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0%
Financings

Masivo to close $845,000 tranche 1 of placement

By The Northwire Desk — AI Analysis Aug 26, 2025 · 20:28 MASS · 0.08 Masivo Silver Corp.
MASS · Price

Executive Summary

  • Masivo Silver Corp. closed tranche 1 of its private placement at $0.06 per share with a half‑warrant priced at $0.10 (12‑month term), securing $845,000 of subscriptions and the ability to raise up to $1 million.
  • The CEO, David Coburn, personally subscribed $100,000 to this tranche.
  • The company provided a bi‑weekly update on its Management Cease Trade Order (MCTO) status, confirming no material changes beyond the filing delays and outlining expected audit completion by 19 Sept 2025.

Key Details

  • Financing:
  • Tranche 1 price: $0.06 per share; half‑warrant exercise price: $0.10, term 12 months (expires 29 Aug 2025).
  • Subscriptions received: $845,000; total potential raise capped at $1 million (down from an earlier $1.2 million target).

  • CEO David Coburn contributed $100,000 to this tranche.

  • Operational Updates:

  • Technical team visited the Boston Mine area and continues negotiations on nearby acquisition targets in Elko County.
  • Qualified Person Brian Brewer is assaying core samples from seven remaining drill holes; results expected in coming months.
  • $75,000 drill credit remains available for Mexico projects.

  • Planned start of drilling at Cerro Colorado (Mexico) in Q4 2025, pending definitive agreement with Minera Goldzone and partners (terms agreed, legal work ongoing).

  • Regulatory / MCTO Status:

  • Bi‑weekly update on Management Cease Trade Order issued by B.C. Securities Commission under NP 12‑203 (effective 30 July 2025).
  • Company missed July 29 2025 filing deadline for FY 2025 financial statements and MD&A; audit work in progress, expected completion 19 Sept 2025.
  • BCSC granted extension to 28 Sept 2025 to complete required filings; interim filings anticipated within five business days after final filings.

  • MCTO will lift two full business days after receipt of all required documents; does not restrict public shareholders from trading.

  • Assurances:

  • No material changes beyond those disclosed; no insolvency proceedings; no other undisclosed material information.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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