04:27 PM EDT, 09/13/2024 (MT Newswires) -- GR Silver Mining ( GRSLF ) said Friday afternoon that it is expanding its private placement offer due to higher-than-expected interest.

The company will now offer up to 12.5-million units priced at $0.16 each,, aiming to raise up to $2 million. It had previously planned to raise $1.76 million by selling up to 11-million units

The units are made up of a share and one half of a two-year warrant to buy a second share for $0.22

The company's shares closed up $0.015 to $0.20 on the TSX Venture Exchange.