Tier One Silver Initiates $1.5 Million Private Placement

Tier One Silver Inc. has announced a private placement to raise up to CAD 1.5 million through the sale of 15 million units, each priced at CAD 0.10. Each unit includes one common share and one purchase warrant. Warrants allow the purchase of an additional share at CAD 0.20, valid for 24 months post-closing. An accelerated expiry for warrants is possible if shares trade at or above CAD 0.30 for ten consecutive days.

The capital raised will fund further exploration of Tier One's flagship Curibaya project in Peru and provide general working capital. Canadian securities laws dictate a four-month hold on issued securities from the date of issuance. The transaction's closure is expected by December 12, 2024, contingent on necessary approvals and documentation.