As a result of the Warrant expiry, Mr. Sprott now beneficially owns 31,042,800 Shares and 12,000,000 Warrants representing approximately 12.2% of the outstanding Shares on a non-diluted basis and approximately 16.2% on a partially diluted basis...
Despite the gain, a big breakout above $26 still seems far away for silver...although with another week like this past one, we could soon break it down.
The company wishes to inform its shareholders, and shareholders of OreCorp Limited, that it intends to file a third supplementary bidder statement to indicate that the Company will not waive its 50.1% minimum acceptance condition.
When gold steals headlines, it's easy for silver to disappear into the background. But this is when it’s even more important to pay attention to the silver price.
The Company has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on its 100% owned La Cigarra Project ("La Cigarra").
Worldwide silver demand is expected to rise 1 percent owing to a projected record high in industrial demand and a turnaround in jewelry and silverware offtake.
