Silverstock Metals Inc. announced a non-brokered private placement up to 5,210,000 units at CAD 0.10 per unit for the gross proceeds of CAD 521,000 on October 5, 2023. Each unit is comprised on one common share and one half of one share purchase warrant which entitles the holder to acquire one common share at CAD 0.20 for 2 years from the date of issuance. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance.

As a part of the transaction the company may pay a finder?s a fee equal to 6% of the gross proceeds from the offering and issue warrants, equal to 6% of the total number of units sold. The transaction is expected to close on or around October 13, 2023.