Masivo Silver closes $1.99M final tranche of financing

Executive Summary

• Masivo Silver Corp. closed the second and final tranche of its non‑brokered private placement, raising gross proceeds of $1,999,922.
• The offering consisted of 33,332,033 units (each unit = 1 common share + ½ warrant) and resulted in 16,666,017 warrants issued to investors.
• Net proceeds will be deployed to advance exploration at the Boston mine (Nevada) and Cerro Colorado project (Sonora, Mexico) and for general working capital.

Key Details

• Units Issued: 33,332,033 units (each unit = 1 common share + ½ warrant).
• Warrants Issued: 16,666,017 warrants attached to the units; plus an additional 2,043,083 finder warrants.
• Finder Warrants Pricing & Terms: 1.5 million of the finder warrants priced at $0.10 per warrant, exercisable for two years and vesting on the first anniversary of the closing date.
• Exercise Price of Full Warrants: $0.10 per common share, exercisable for 12 months from issuance.
• Hold Period: All securities (units, shares issued for finder fees) subject to a four‑month hold period; finder warrants have an additional two‑year exercise window.
• Cash Paid for Finder Fees: $45,268 in cash.
• Shares Issued for Finder Fees: 800,000 common shares.
• Gross Proceeds: $1,999,922.
• Use of Net Proceeds:
• Exploration activities at the Boston mine (Nevada, USA).
• Exploration at the Cerro Colorado project (Sonora, Mexico).
• General working capital.
• Regulatory Status: Offering pending final approval by the TSX Venture Exchange (TSX‑V).

Notable Quotes

(No direct quotes were provided in the release.)