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Discovery Silver has raised about C$18 million (US$14.18 million) through share purchase warrants being exercised ahead of a June 8 expiry with high-profile investor Eric Sprott exercising 9.09 million warrants through Ontario Ltd which sees him take a 26.2% stake in the company.
Discovery's Cordero
A total of 23.53 million warrants were exercised and the proceeds sees Discovery's cash balance rise to C$70 million.
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