12:46 PM EDT, 04/30/2024 (MT Newswires) -- Impact Silver ( ISVLF ) on Tuesday said it is seeking C$6.2 million from non-brokered private-placements of share units.

The company said it is seeking C$3.2 million units in a placement under the listed issuer financing exemption, offering 11.43-million units priced at C$0.28 and made up of a share and one half of a two-year warrant to buy a second share for C$0.34.

Impact will also raise up to C$3 million from the sale of up to 11.11-million standard private-placement units priced at C$0.27 each and made up of a share and a whole two-year warrant to buy a share for C$0.34..

Proceeds will be used to accelerate exploration activity at the Plomosas property in Chihuahua, Mexico, further develop its silver assets at its Royal Mines of Zacualpan district, and invest in operational improvements.

Impact shares were last seen down C$0.015 to C$0.26 on the TSX Venture Exchange.,

Price: 0.26, Change: -0.02, Percent Change: -5.45