02:19 PM EDT, 09/09/2024 (MT Newswires) -- GR Silver Mining ( GRSLF ) on Monday said it aims to raise up to $1.76 million through the sale of up to 11-million share units priced at $0.16 each.

Each unit in the non-brokered private placement will consist of a share and one half of a two-year to buy a seond share for $0.22.

Proceeds will be used for exploration targeting resource expansion in the San Marcial Area of the Plomosas Project in Mexico, and for general working capital.

GR Silver was last seen down $0.01, to $0.16 on the TSX Venture Exchange.