Junior Silver Mines would raise some A$2.25-million through a share placement in order to fund the A$1.8-million deposit required for the purchase of the Bowdens silver project, in New South Wales.
Gold miner Kingsgate Consolidated in February inked a purchase agreement with h Silver Investment Holdings Australia (SIHA) to divest of an 85% interest in its Bowdens silver project for A$20-million.
