Wildcat Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA -- Wildcat Silver Corporation (CNQ: WILD) (the “Company”) is pleased to announce it has arranged a non-brokered private placement of up to 10,300,000 units at $0.75 per unit. Each unit is comprised of one common share and one half of a transferable share purchase warrant. One whole share purchase warrant entitles the holder to acquire one common share at a price of $1.00 for a period of one year subject to an accelerated exercise provision. A finders’ fee is payable.
Proceeds from the private placement will be used to complete the acquisition of the Hardshell property and for general working capital.
The above is subject to regulatory approval.
ABOUT WILDCAT SILVER CORPORATION - Wildcat is developing the Hardshell silver project in Santa Cruz County, Arizona, USA. The Hardshell property is held by Arizona Minerals Inc., of which Wildcat is an 80 percent owner. Wildcat trades on the CNQ Exchange in Canada under the symbol WILD.
On behalf of the Board of Directors,
Donald B. Clark, President and Director
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in the Corporation’s latest annual report and management discussion and analysis. The Corporation assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
The CNQ has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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