TORONTO / Apr 05, 2024 / Business Wire / Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | FSE: SVR), is pleased to announce that, as a result of demand, it has increased the size of its previously announced non-brokered private placement offering (the “Offering”) of units of the Company (each, a “Unit”) for gross proceeds of up to $3 million at a price of $0.11 per Unit. See previous news releases dated March 13, 2024 and April 2, 2024. The First Tranche of the Offering closed on April 2, 2024 for aggregate gross proceeds of $1.47 million.
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 for a period of 24 months from the date of closing (the “Expiry…
