TORONTO, March 13, 2024 (GLOBE NEWSWIRE) — Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce its intention to complete a non-brokered private placement offering of up to 18,200,000 units of the Company (“Units”) at a price of $0.11 per Unit (the “Issue Price”) for gross proceeds of up to $2 million (the “Offering“). The Company reserves the right to increase the size of the Offering, subject to the approval of the TSX Venture Exchange (“TSXV”).
Each Unit will consist 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 twenty-four (24) months from the date of issuance (the “Expiry Date”).
The Company intends to use the net proceeds from the…
