Tier One Silver Inc. Announces C$1 Million Private Placement

Tier One Silver Inc., a Vancouver based exploration company, revealed plans for a private placement aiming to raise C$1 million through the sale of over 7 million units at C$0.14 each. This financial move aims to bolster the company's capital for general working purposes. Each unit in this offering comprises a common share and a full purchase warrant, which could be exercised at C$0.25 within a year post-closure of the offering.

The placement, not brokered by an intermediary, introduces an opportunity for a 6% finders fee to those who introduce investors. With expectations to close by April 30, 2024, the proceeds are destined for working capital enhancement. Furthermore, securities issued will adhere to a four-month hold period in Canada, indicative of the company's compliance with legal securities mandates. Insider participation is contemplated under specific exemptions, ensuring the process remains within regulatory frameworks.