IMPACT Silver Corp. announced a non-brokered private placement of up to 25,925,926 units at a price of CAD 0.27 per unit for gross proceeds of up to CAD 7,000,000 on April 6, 2023. Each unit will consist of one common share and one of warrant.

Each warrant will entitle the holder to purchase a common share at a price of CAD 0.35 for a period of 24 months from issuance. The transaction may include participation from directors of the company. All securities issued pursuant to the transaction will be subject to statutory hold period for four month and one day.

The company may pay finder's fees as part of the transaction. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The transaction is expected to close on or about the week of April 10, 2023.