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Prospero Silver gets C$356,000 investment from Fortuna Silver Mines Inc

Fortuna currently owns 20.32% of the Prospero shares and after the placing will have around 26.9%

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Prospero Silver announced details of the Fortuna financing

Prospero Silver Corp (CVE:PLS) has secured around C$356,000, or US$270,000 of investment from Fortuna Silver Mines Inc, a mid-tier precious metal producer.

The deal completes the private placement phase of the amended strategic agreement between Prospero and Fortuna which was announced in May last year.

Fortuna currently owns 20.32% of the Prospero shares and after the placing will have around 26.9%.

Drilling

Prospero says the proceeds will be aimed at drilling its Bermudez project in Chihuahua State, Mexico.

Drilling began at Bermudez in late August and Prospero plans to complete a three hole, approximately 1,500m, diamond drill program at Bermudez.

The 430-hectare Bermudez project is in Chihuahua, about 150km west of the City of Chihuahua.

Fortuna will buy around 4.74mln  Prospero shares at C$0.075 per share.

Quick facts: Prospero Silver Corp.

Price: 0.045 CAD

TSX-V:PSL
Market: TSX-V
Market Cap: $2.59 m
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