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.