Tier One Silver Inc. announced that it has received CAD 1.484504 million in funding
On April 30, 2024, Tier One Silver Inc., closed the transaction. The company issued 5,237,086 units at a price of CAD 0.14 unit for the gross proceeds of CAD 733,192 in its second tranche closing. The transaction was oversubscribed. The securities issued under the Offering are subject to a four month and one day hold period in accordance with applicable Canadian securities law. Final approval from the TSX Venture Exchange is expected upon filing standard documentation. As a part of the transaction, the company paid aggregate cash finders? fees of CAD 22,062 and issued 157,586 non-transferable finders? warrants. The company raised CAD 479,705.841 pursuant to Regulation D in the transaction from 24 investors.
The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 54 placees and two pro groups for 457,143. As a part of the transaction, the company paid CAD 45,036.72 cash and 321,691 warrants.