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The proceeds from the private placement will be used for completion of the scoping study on the Crescent Mine and for general working capital purposes. Funds raised may include up to a 10% finder's fees in cash or shares.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
SNS Silver Corporation (TSX VENTURE:SNS) is an exploration mining company, whose assets include a number of near term production projects in geopolitically secure Idaho, USA. The 100% owned Crescent Mine consists of 24 patented mining claims over approximately 350 acres. These adjacent properties operated independently to produce nearly 400 million ozs of silver historically and their recent merger is expected to enhance exploration opportunities on their once disputed boundary.
SOURCE: SNS Silver Corp.
SNS Silver Corp. David Greenway (604) 689-0896 or Toll Free: 1-800-663-4567 dg@snssilver.com www.snssilver.com
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