Prospero Silver Corp.
Prospero Silver Corp.
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 November 30, 2009
Prospero Silver Corp. Files Final Prospectus

 THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Prospero Silver Corp. ("Prospero") is pleased to announce that it has filed its final prospectus with the securities regulatory authorities in British Columbia, Alberta and Ontario in connection with its initial public offering (the "Offering") of 5,142,856 units (the "Units") at a price of $0.35 per Unit for gross proceeds of $1,800,000. Each Unit consists of one common share and one half of one non-transferable common share purchase warrant (a "Warrant"), each whole Warrant entitling the holder thereof to purchase one common share of Prospero for a period of 12 months from closing of the Offering at a price of $0.50 per share. Prospero has applied for the listing of its common shares on the TSX Venture Exchange as a Tier 2 issuer.

Pursuant to an agency agreement, Canaccord Capital Corporation has agreed to act as agent in connection with the Offering and will offer the shares on a commercially reasonable best efforts basis.

A copy of the final prospectus can be viewed on SEDAR (http://www.sedar.com).

About Prospero Silver Corp.

Prospero is a mineral exploration company. The Company currently holds an option to acquire a 100% interest in the Cordero Property, located near San Luis del Cordero in Durango State, Mexico. The Company's principal focus is on the Cordero Property located in Mexico. In addition to the development of the Cordero Property, the further objective is on the discovery and development of new mining projects in Mexico which involve either grass roots exploration or assemblage of land packages on prospective ground.

For further information please contact Warwick Smith, Vice-President, Corporate Development, at 604-484-4954.

This news release is not an offer of securities for sale or solicitation of an offer of securities for sale in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The Company's securities have not been, nor will be, registered under the United States securities Act of 1933, as amended, (the "US Securities Act") or state securities laws and may not be offered or sold in the United States or to US persons absent registration under the US Securities Act and state securities laws or applicable exemptions from the registration requirements of such laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
 

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