Use of proceeds will include fall drilling at the recently acquired Ranger-Page Silver-Lead-Zinc Project in Idaho's Coeur d'Alene Mining District
Silver Dollar Resources Inc. has completed the previously announced non-brokered private placement financing that raised gross proceeds of $1,500,000 . The Offering consisted of 6,000,000 units priced at $0.25 each. The units are comprised of one common share and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to purchase one additional common share of the Company at a price of $0.40 per share for two years from the closing date of the Offering. Mr. Eric Sprott subscribed for 3,000,000 units or $750,000 of the Offering. This investment results in Mr. Sprott holding approximately 19.8...