Highlander Silver Corp. announced that it expects to receive CAD 3 million in funding from The Augusta Group of Companies and other investors

Highlander Silver Corp. announced a private placement of 30,000,00000 post-consolidated units of the company at a price of CAD 0.10 per unit for the gross proceeds of CAD 3,000,000 on October 3, 2023. Each unit will be comprised of one post-consolidated common share and one whole warrant exercisable for one share at a price of CAD 0.15 per share for a period of 3 years from the date of issuance.

The transaction will include participation from new investor, The Augusta Group of Companies and members of the Lundin family. The consolidation and offering are expected to be completed on or before October 20th, 2023. The offering is subject to Canadian Stock Exchange approval and the securities issued pursuant to the offering will be subject to a statutory hold period of four months from the date of issuance.