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  • Silver Bullet Mines has closed its debt financing
  • SBMI borrowed $650,000 from its largest institutional shareholder for an 18-month term
  • The loan provided an option to be converted  into 2,166,667 units at $0.30 per unit
  • Peter Clausi, VP of Capital Markets, sat down with Daniella Atkinson to discuss the news
  • Silver Bullet Mines is focused on the discovery and development of mineral deposits in the U.S.
  • Shares of Silver Bullet Mines Corp. (SBMI) opened trading at C$0.225

Silver Bullet Mines Corp. (SBMI) has closed its previously announced debt financing.

SBMI borrowed $650,000 from its largest institutional shareholder for an 18-month term. The loan carries an annual interest rate of 8 per cent. The loan provided an option to be converted  into 2,166,667 units at $0.30 per unit.

The company also reports that Sepro Mineral Systems Corp., which assisted in the design of parts of SBMI’s mill in Arizona, is currently onsite and is assisting in fine-tuning various components of the mill. The ramp-up using lower-grade material continues.

Peter Clausi, VP Capital Markets, sat down with Daniella Atkinson to discuss the news.

Silver Bullet Mines is focused on the discovery and development of mineral deposits primarily in Arizona with additional mineral properties in Idaho and Nevada.

Silver Bullet Mines Corp. (SBMI) opened trading at C$0.225.

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