Tier One Silver Completes Upsized $1.48 Million Equity Financing

Tier One Silver Inc., a mining company, has announced the closure of its recently upsized non-brokered private equity financing, which surpassed its initial target due to high investor demand. This financing round concluded with the issuance of 5,237,086 units at C$0.14 each, resulting in gross proceeds of C$733,192 in this tranche, totaling C$1,484,504 from the entire offering.

The company paid a total of C$45,037 in finders' fees and issued 321,691 non-transferable finders' warrants associated with this round of financing. Peter Dembicki, the company's CEO, expressed gratitude towards shareholders for their overwhelming support and predicted a positive trajectory for 2024 influenced by favorable market conditions for precious metals. He affirmed his outlook on progressing the company's objectives forward.

Tier One Silver highlighted that this funding would primarily support general working capital requirements. The securities issued under this financing are subject to a four-month and one-day hold period as per Canadian securities laws, with final approvals pending from the TSX Venture Exchange. This capital raise aligns with Tier One Silver’s strategic initiatives to advance its mining exploration projects.