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El Tigre Silver Closes Private Placement for Gross Proceeds of $2,227,000
Published : November 15, 2012
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Keywords :   G Mexico | Market | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2012) - El Tigre Silver Corp. (News - Market indicators)(OTCQX:EGRTF)(FRANKFURT:5RT) ("El Tigre" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") for an aggregate of 8,908,000 units of the Company ("Units") for aggregate gross proceeds of $2,227,000. Each Unit consists of a common share of the Company and one-half of a common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38 per share, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company's discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.

The second tranche of the Private Placement closed on November 15, 2012 for 5,000,000 Units for gross proceeds of $1,250,000. On October 19, 2012, the Company announced that it had closed the first tranche of the Private Placement of 3,908,000 Units for aggregate gross proceeds of $977,000. The aggregate gross proceeds for both tranches of the Private Placement totals $2,227,000.

The second tranche of the Private Placement is subject to regulatory approval, and the common shares, together with the shares issued on the exercise of the Warrants, will be restricted from trading for a period of four months and a day from the date of issuance of the Units, being March 16, 2013, in compliance with TSX Venture Exchange policies and securities legislation.

The proceeds from the Private Placement will be used to continue exploration on the El Tigre Property (defined below) and for general working capital purposes.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About El Tigre

The Company, through its subsidiaries, holds the rights to 100% of nine mineral concessions, eight comprising of 431 square kilometers located in north-eastern Sonora, Mexico (the "El Tigre Property"). El Tigre also holds one additional 32 hectare claim separate from the El Tigre Silver Property. A technical report has been prepared for the El Tigre Property and can be found on the Company's profile on SEDAR at and on the Company's website at

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include proposed use of proceeds of the Private Placement. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in the Company's public documents filed on SEDAR at Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

El Tigre Silver Corp.
Stuart Ross
President and CEO
(778) 980-7187
El Tigre Silver Corp.
Steven Craig
VP Exploration
(775) 815-8456
El Tigre Silver Corp.
Rob Grace
Corporate Communications
(604) 639-0044
(604) 608-6163 (FAX)
Companies Mentionned : El Tigre Silver Corp. | Reliance |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

El Tigre Silver Corp.

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El Tigre Silver Corp. is an exploration silver and gold company based in Canada.

Its main exploration property is EL TIGRE in Mexico.

El Tigre Silver Corp. is listed in Canada. Its market capitalisation is CA$ 2.5 millions as of today (€ 2.3 millions).

Its stock quote reached its highest recent level on February 18, 2011 at CA$ 0.81, and its lowest recent point on June 20, 2014 at CA$ 0.12.

El Tigre Silver Corp. has 62 900 000 shares outstanding.

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Financings of El Tigre Silver Corp.
1/28/2014Announces Private Placement
10/30/2013Closes Private Placement for Gross Proceeds of $707,000
11/15/2012Closes Private Placement for Gross Proceeds of $2,227,000
9/17/2012Announces Private Placement
Nominations of El Tigre Silver Corp.
4/14/2015Appoints Carl Rosenau to Board
4/6/2015Announces Resignation
3/20/2015Announces Resignation of Board Member
10/16/2012Director Resignation
11/9/2010Appoints New Director
Project news of El Tigre Silver Corp.
11/14/2013To Proceed On Silver And Gold Tailings Recovery Project In S...
5/14/2013Drills 1.4 Metres of 4,143 g/t Ag and 5.4 g/t Au including 0...
4/19/2013Drills 1.4 meters of 115.34 g/t Au Equivalent- 74.2 g/t Au a...
1/21/2013Commences its 2013 Drilling Campaign on its Gold Hill Dissem...
2/6/2012Reports New Assays from its Silver-Gold Tailings Project in ...
5/18/2011(El Tigre)Begins Exploration in the Brown's Shaft Area of the El Tigre...
5/10/2011(El Tigre)Drills Sietz Kelly and El Tigre Veins at Its Sonora, Mexico ...
12/16/2010(El Tigre) Assays of Channel Samples Confirm Surface Silver Mineraliza...
Corporate news of El Tigre Silver Corp.
11/13/2015Oceanus Resources And El Tigre Silver Announce Closing Of Ar...
11/12/2015IIROC Trading Halt - ELS
11/6/2015El Tigre Shareholders Approve Plan Of Arrangement With Ocean...
10/9/2015Oceanus Resources And El Tigre Announce Receipt Of Interim O...
9/15/2015Oceanus Resources And El Tigre Silver Announce Execution Of ...
6/26/2015El Tigre Announces Shares For Debt Transaction
6/15/2015El Tigre Silver Appoints Ernie Elko As CEO And Chairman
5/22/2015El Tigre Announces Loan Agreements And Issuance Of Bonus Sha...
5/22/2015Announces Loan Agreements and Issuance of Bonus Shares
4/27/2015El Tigre Silver Accepts Invitation To Trade On The Santiago ...
4/18/2015El Tigre Silver Appoints Carl Rosenau To Board
4/14/2015El Tigre Silver Appoints Carl Rosenau to Board
4/6/2015El Tigre Silver Announces Resignation
4/2/2015El Tigre Silver Reports Update On Wealthcorp, Llc Agreement
4/2/2015Reports Update on Wealthcorp, LLC Agreement
3/20/2015El Tigre Silver Announces Resignation of Board Member
2/20/2015El Tigre Announces Loan Agreements and Issuance of Bonus Sha...
2/20/2015Announces Loan Agreements and Issuance of Bonus Shares
2/3/2015Provides Progress Report and Assay Results
2/3/2015El Tigre Silver Provides Progress Report and Assay Results
1/26/2015El Tigre Announces Closing Of Shares For Debt Transaction
1/22/2015El Tigre Reports Filing Of Claim Concerning Agreement With W...
1/22/2015Reports Filing of Claim Concerning Agreement With Wealthcorp...
1/16/2015El Tigre Announces Shares For Debt Transaction
1/9/2015El Tigre Announces Shares for Debt Transaction
10/21/2014El Tigre Silver Announces Appointment Of Wade Anderson As Co...
10/17/2014El Tigre Silver Corp. Appoints Three New Directors
9/24/2014El Tigre Silver Corp. Announces Proposed Warrant Extension
9/9/2014El Tigre Silver Reports Assay Results from Ongoing Explorati...
8/28/2014El Tigre Silver Announces Financial Advisory Services Agreem...
7/31/2014El Tigre Silver Announces No Material Change
6/16/2014El Tigre Silver Confirms 5.3 Kilometre Strike Length With As...
6/9/2014El Tigre Silver Advances Sampling Beyond Resource Area and R...
5/30/2014El Tigre Silver Updates Exploration Activities and Announces...
4/1/2014El Tigre Silver Corp. Appoints Lisa Dea as Chief Financial O...
12/23/2013Announces Agreement With Hard Rock Consulting, LLC
8/16/2013files updated NI 43-101 Prefeasibility Study and Resource Es...
8/1/2013Announces Receipt of Tailings Recovery Environmental Permit ...
7/4/2013(El Tigre)Announces Reserves and Resources at El Tigre Property in Son...
6/25/2013Reports Annual and Special Meeting Results
5/23/2013Reports Final Drill Assays and NI 43-101 Resource Modeling W...
5/22/2013Adopts Advance Notice Policy
4/18/2013Drills 1.4 meters of 115.34 g/t Au Equivalent-74.2 g/t Au an...
4/11/2013Clarifies Technical Disclosure
4/3/2013Drills 72.55 m of 2.26 g/t Au Equivalent-24.8 g/t Ag and 1.7...
2/7/2013Updates Drilling Campaign on its Gold Hill Disseminated Gold...
12/24/2012Grants Incentive Stock Options
12/18/2012Mobilizes Drill for Continued Definition of the Gold Hill Di...
11/29/2012Reports Exploration Highlights and Progress
2/16/2012Reports Average Gold Assays of 41.4 Meters at 1.0 g/t, Annou...
5/4/2011Drill Hole ET-27 Intercepts 2.8 Metres of 242 g/T Silver and...
4/13/2011Drill Hole ET-26 Encounters 11.69 Meters 180 Grams Per Tonne...
11/9/2010Grupo Mexico Ex joins Tigre Silver
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