Prince Silver Corp. Announces $3 Million Private Placement

Vancouver-based Prince Silver Corp. announced a non-brokered private placement aiming to raise up to $3 million by offering 4,687,500 units at $0.70 each. Each unit includes one common share and a half-year purchase warrant. Warrants allow purchasing an additional share at $1.00 within 24 months. If the share price exceeds $1.40 for 10 consecutive days, Prince Silver can accelerate the warrant expiry.

The company plans to allocate the proceeds to advance exploration at its Nevada-based Prince Silver Project and general corporate purposes. A 7% finders' fee will be applicable to authorized agents, complying with Canadian Stock Exchange policies. The placement awaits CSE approval, with securities subject to a hold period of four months and one day.