TORONTO / Apr 02, 2024 / Business Wire / Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce the closing of the first tranche (the “First Tranche”) of its non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) previously announced on March 13, 2024. Under the First Tranche of the Offering, 13,340,455 Units were issued at a price of $0.11 per Unit for aggregate gross proceeds of $1.47 million.
Each Unit consists of one common share of the Company (a “Common Share“) and one half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant shall be exercisable to acquire one (1) additional Common Share at an exercise price of C$0.16 until April 4, 2026 (the “Expiry Date”).
In connection with the Offering, the Company agreed to pay certain eligible arm’s length parties who…
