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Discovery Silver boosts cash balance to $55M

Discovery Silver has raised about C$18 million (US$14.18 million) through share purchase warrants being exercised ahead of a June 8 expiry with high-profile investor Eric Sprott exercising 9.09 million warrants through Ontario Ltd which sees him take a 26.2% stake in the company.

Nathan Richardson
Discovery's Cordero

Discovery's Cordero

A total of 23.53 million warrants were exercised and the proceeds sees Discovery's cash balance rise to C$70 million. Eric Sprott's warrants were for an aggregate consideration of C$7 million and now...

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