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Silver Valley Metals Corp
Symbol	SILV
Shares Issued	48,721,899
Close 2023-06-16	C$ 0.125
Market Cap	C$ 6,090,237
Recent Sedar Documents

Silver Valley gets cond OK for warrant exercise program

2023-06-16 17:40 ET - News Release

Subject: Silver Valley Metals Word Document File: '\\swfile\EmailIn\20230616 143511 Attachment SILVNRJUN16.docx' Silver Valley Metals Receives Conditional Approval for Warrant Exercise Incentive Program Vancouver, British Columbia - June 16, 2023 - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company") is pleased to report it has received conditional approval from TSX Venture Exchange to proceed with the Warrant Exercise Incentive Program (the "Program"), previously announced June 13, 2023. The Program will commence as of Monday June 19, 2023, and terminate Friday July 7, 2023. Under the Program, if the warrants that were issued from the Company's private placement conducted in November 2022 (the "Eligible Warrants") are exercised prior to 4:00 p.m. (PDT time) on July 7, 2023 (the "Incentive Period"), the holders of the Eligible Warrants (the "Warrant Holders") would receive one (1) additional warrant (an "Incentive Warrant") in consideration of the early exercise of each Eligible Warrant. Each Incentive Warrant will be exercisable to acquire one (1) common share of the Company at a price of $0.11 per share for a period of two (2) years from the date of issuance. The Company believes this will give existing Warrant Holders a strong incentive to exercise their existing Eligible Warrants. The Incentive Warrants will be subject to a hold period of four months plus one day after the date of distribution. In the event the Warrant Holder decides not to participate in the Program the Warrant Holder may exercise their Eligible Warrants under the original terms. Directors and Officers of the Company own or control 576,667 (less than 5%) of Eligible Warrants. The Company is not aware of any potential new insider position that would be created upon the exercise of the Eligible Warrants nor the Incentive Warrants. The Company would receive gross proceeds of $1,934,567 from the incentive Program if all Eligible Warrants from the November 2022 placement are exercised. Funds will be used for further exploration expenditures and working capital. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this Warrant Exercise Incentive Program within the United States or to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities Act). About: Silver Valley Metals: Silver Valley Metals Corp. is a Canadian exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the pursuit of mineral discovery and development. We are focused on the advancement of strategic and precious mineral properties including Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA. On behalf of the Board of Directors of Silver Valley Metals, "Brandon Rook" Brandon Rook, President & CEO, Director For further information please contact Doug Dobbs at: 509-475-1173, or 604-800-4710 Email: doug@silvervalleymetals.com info@silvervalleymetals.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.