The group noted that renowned investor Eric Sprott has increased his investment in order to maintain 19.61% of Aftermath's issued and outstanding common shares.
The company said it intends to use the net proceeds for drilling and other technical studies on the Berenguela Silver-Copper project in Peru, and the Challacollo and Cachinal Silver-Gold projects in Chile, and for general working capital purposes.
All securities issued in connection with the Private Placement are subject to a hold period and may not be traded until January 15, 2021, except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.
An aggregate amount of $494,567.44 in cash and 290,360 common shares were paid as finders' fees in connection with the private placement.
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