06:04:01 EDT Fri 31 Mar 2023
Enter Symbol
or Name

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Tier One Silver Inc
Symbol TSLV
Shares Issued 125,794,897
Close 2022-04-12 C$ 0.71
Recent Sedar Documents

Tier One arranges $6-million public offering

2022-04-12 18:55 ET - News Release

Mr. Peter Dembicki reports


Tier One Silver Inc. has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and bookrunner on a best efforts basis for a public offering of 9,231,000 units of the company at a price of 65 cents per unit for gross proceeds to the company of $6,000,150.

Each unit shall consist of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share of the company at a price of $1 at any time on or before the date which is 24 months after the closing date of the offering.

The company has granted to the agent an option, exercisable for a period of 30 days after and including the closing date of the offering, to sell up to that number of additional units equal to 15 per cent of the number of units sold pursuant to the offering at the unit price to cover overallotments, if any, and for market stabilization purposes.

The company plans to use the net proceeds of the offering for the exploration and advancement of the company's projects in Peru, which include its flagship Curibaya project, and for general working capital purposes.

The units will be offered, on a marketed basis, by way of a short form prospectus filed in British Columbia, Alberta and Ontario. The offering is scheduled to close on or around April 27, 2022, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. A copy of the preliminary prospectus is available on SEDAR.

About Tier One Silver Inc.

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base-metal deposits in Peru. The company's management and technical teams have a strong record in raising capital, discovery and monetization of exploration success. The company's exploration assets in Peru include: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya.

We seek Safe Harbor.

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