Maverick Gold and Silver announces C$1.1M private placement

Maverick Gold and Silver Corp. (CSE:MAV) has announced a non-brokered private placement offering of up to C$1,100,000, consisting of up to 22 million units at C$0.05 per unit. Each unit includes one common share and one warrant, which allows holders to purchase an additional common share at C$0.10 for the next 24 months. The company may accelerate the warrant expiry if the share price reaches C$0.15 for 10 consecutive trading days, with warrants expiring 30 days after notice.

The net proceeds will be used for working capital requirements and general corporate purposes. The offering is subject to various exemptions and conditions, and all securities issued will be subject to a four-month hold period.

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