Tier One Silver Inc. Completes Initial Equity Financing Round

Tier One Silver Inc., listed on TSXV and OTCQB, has successfully closed the first tranche of its announced non-brokered private placement on April 24, 2024. The company issued 5,366,514 units at C$0.14 each, totaling C$751,311.96 in gross proceeds. These funds are earmarked for general working capital purposes.

As part of the transaction, Tier One Silver Inc. paid C$22,974.72 in cash finders' fees and issued 164,105 non-transferable finders' warrants. These warrants carry the same exercise terms as the unit warrants detailed on April 9, 2024. Following securities laws, these issued securities are subjected to a statutory hold period of four months and one day in Canada. The TSX Venture Exchange is set to give final approval pending standard documentation.