SNS Silver Corporation (TSX-V: SNS) has entered a private placement of $1 million by selling 4,347,826 flow through (FT) units for $0.23 per units. The private placement was entered into with subscribers associated with MineralFields Group. Each FT unit will contain 1 common share of the company and 1/2 of a transferable non FT share purchase warrant which will allow the holder to purchase 1 common share of the capital stock for $0.40 per common share in year 1 and $0.45 per common share in year 2.
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SNS Silver Corp. (SNS) is a Canada-based company engaged in the exploration and development of mineral properties. The Crescent Mineral Property is located in Kellogg, Idaho and it consists of 24 mining claims covering approximately 350 acres. Its wholly owned subsidiaries include Crescent Inc. and Sunshine Silver Mines Ltd. During the fiscal year ended July 31, 2009, the Company incorporated Sunshine Silver Mines Ltd.
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