MiningGold & silver
Fortuna Silver Mines Inc

Fortuna Silver Mines acquires 5.4 million Prospero Silver shares

Fortuna Silver is a precious metal producer focused, which focuses on mining projects in Latin America

Fortuna Silver now owns 10.7mln shares of Prospero Silver

Fortuna Silver Mines (TSE:FVI) today announced that it has acquired 5.36mln common shares of Prospero Silver. 

At a price of C$0.15 a share, the shares were acquired for C$803,571.

Fortuna now owns 10.7mln shares of Prospero which represents 22.8% of issued and outstanding shares.

Shares were acquired by Fortuna for investment purposes, the company said.

Depending on market and other conditions, Fortuna may increase or decrease its ownership, control, or direction over Prospero's shares via market transactions, private agreements and otherwise, according to the company. 

Shares of Fortuna were up 0.42% and closed at C$7.13 on Wednesday. 

Quick facts: Fortuna Silver Mines Inc

Price: $4.57

Market: TSX
Market Cap: $732.53 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Altech Chemicals progresses HPA plant construction in...

Altech Chemicals Ltd (ASX:ATC) managing director Iggy Tan updates Proactive on HPA plant construction activities at the company’s high purity alumina (HPA) plant site in Johor, Malaysia. The majority of Stage 1 construction is nearly complete, the workshop building and OSD Tank walls have...

12 hours, 45 minutes ago

2 min read