Silver Pursuit Resources Ltd announced that it expects to receive CAD 0.09 million in funding.
On January 16, 2013, the company announced that it will receive up to CAD 1,000,000 in the non-brokered transaction. The company will issue up to 10,000,000 units at CAD 0.10 per unit. Each unit will consist of one common share and one transferable common share purchase warrant exercisable for a term of two years at an exercise price of CAD 0.20 per share. The company may pay finder's fees in cash, shares or share purchase warrants or any combination thereof. All securities issued will be subject to a hold period of four months.
On March 11, 2013, the company announced that it will raise CAD 25,000 from a single investor pursuant to Regulation D. Canaccord Genuity Inc. will act as a broker to the company for this amount.