Vancouver, B.C., March 7, 2011 – Wildcat Silver Corporation (TSX-V: WS) (“Wildcat” or “the Company”) has entered into an agreement with Silver Wheaton Corp. ("Silver Wheaton") for a $13 million private placement of 10 million shares at a price of $1.30 per share.
As part of the agreement, Silver Wheaton has a right of first refusal over any silver stream or royalty financing that Wildcat may choose to sell from its Hardshell project located in Arizona.
“We are pleased to enter into this agreement with Silver Wheaton,” commented Chris Jones, Wildcat’s President and CEO. “This agreement provides additional support in our belief that Hardshell is a superior asset with significant potential and also further strengthens our balance sheet. As we continue with our exploration program, we remain focused on notably expanding the current resource.”
Has right of first refusal over any silver stream.have not done a silver stream agreement yet?