News Releases
November 24, 2005
Impact Announces Private Placement to Raise $2,500,000
IMPACT Silver Corp. is pleased to announce a private placement of 6,250,000 units at the price of $.0.40 per unit, each unit consisting of one share of the Company and one half of one common share purchase warrant. Each whole warrant will entitle to holder to purchase one additional share of the Company for a period of eighteen months at the price of $0.50 per share.
The Company will pay a finder's fee in connection with the placement in accordance with policies of the TSX Venture Exchange.
Proceeds from the placement will be applied to the ongoing work program on the company's Zacualpan Silver Project and added to working capital.
The private placement is subject to regulatory approval.
IMPACT Silver Corp. is a silver focused exploration and development company with projects in Mexico and the Dominican Republic. Interested parties are invited to view IMPACT's website at www.IMPACTSilver.com. IMPACT is 31% owned by Energold Drilling Corp. (EGD:TSX.V)
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President
For further information please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-9501
The TSX Venture Exchange has neither approved nor disapproved this news release.
900-543 Granville St.
Vancouver, BC., Canada V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@impactmin.com
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