Tier One Silver Amends and Extends Proposed Private Placement
Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) has amended its previously announced private placement terms. The company will now issue up to 20 million units at C$0.075 per unit for gross proceeds of up to C$1.5 million. Each unit includes one common share and one full common share purchase warrant, exercisable at C$0.15 for 36 months from closing.
The amended terms remove the warrant expiry acceleration clause. Proceeds will fund general working capital. Securities will have a four-month and one-day hold period, with closing expected around December 31, 2024, subject to TSXV approval. Company insiders may participate in the offering under MI 61-101 exemptions.
Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) ha modificato i termini del collocamento privato precedentemente annunciato. L'azienda emetterà ora fino a 20 milioni di unità a C$0,075 per unità, per un ricavato lordo di fino a C$1,5 milioni. Ogni unità include un'azione ordinaria e un warrant di acquisto di azioni ordinarie, esercitabile a C$0,15 per 36 mesi dalla chiusura.
I termini modificati rimuovono la clausola di accelerazione della scadenza del warrant. I proventi finanzieranno il capitale circolante generale. I titoli avranno un periodo di blocco di quattro mesi e un giorno, con la chiusura prevista intorno al 31 dicembre 2024, soggetta all'approvazione della TSXV. I membri interni dell'azienda possono partecipare all'offerta ai sensi delle esenzioni MI 61-101.
Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) ha modificado los términos de su colocación privada previamente anunciada. La empresa emitirá ahora hasta 20 millones de unidades a C$0.075 por unidad, con unos ingresos brutos de hasta C$1.5 millones. Cada unidad incluye una acción común y un warrant para la compra de acciones comunes, ejercitable a C$0.15 durante 36 meses a partir del cierre.
Los términos modificados eliminan la cláusula de aceleración del vencimiento del warrant. Los ingresos financiarán el capital de trabajo general. Los valores tendrán un período de bloqueo de cuatro meses y un día, con cierre previsto alrededor del 31 de diciembre de 2024, sujeto a la aprobación de la TSXV. Los miembros internos de la empresa pueden participar en la oferta bajo las exenciones de MI 61-101.
티어 원 실버 (TSXV:TSLV)(OTCQB:TSLVF)는 이전에 발표한 사모 배정 조건을 수정했습니다. 회사는 이제 C$0.075의 단가로 최대 2천만 개의 유닛을 발행하여 총 수익을 C$150만까지 확보할 계획입니다. 각 유닛은 하나의 보통주와 하나의 보통주 구매 워런트를 포함하며, 이는 종료일로부터 36개월 동안 C$0.15에 행사할 수 있습니다.
수정된 조건은 워런트 만료 가속 조항을 제거했습니다. 수익금은 일반 운영 자금을 지원하는 데 사용됩니다. 증권은 4개월 1일의 보유 기간이 있으며, 2024년 12월 31일경에 종료될 예정이며, TSXV의 승인이 필요합니다. 회사 내부자는 MI 61-101의 면제를 통해 이번 공모에 참여할 수 있습니다.
Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) a modifié les termes de son placement privé précédemment annoncé. L'entreprise émettra désormais jusqu'à 20 millions d'unités à C$0,075 par unité, pour des produits bruts allant jusqu'à C$1,5 million. Chaque unité comprend une action ordinaire et un bon de souscription d'action ordinaire, exerçable à C$0,15 pendant 36 mois à compter de la clôture.
Les termes modifiés suppriment la clause d'accélération de l'expiration des bons. Les produits financeront le fonds de roulement général. Les titres auront une période de blocage de quatre mois et un jour, avec une clôture prévue autour du 31 décembre 2024, sous réserve de l'approbation de la TSXV. Les initiés de l'entreprise peuvent participer à l'offre dans le cadre des exemptions MI 61-101.
Tier One Silver (TSXV:TSLV)(OTCQB:TSLVF) hat die zuvor angekündigten Bedingungen für die Privatplatzierung geändert. Das Unternehmen wird jetzt bis zu 20 Millionen Einheiten zu C$0,075 pro Einheit ausgeben, was zu einem Bruttoertrag von bis zu C$1,5 Millionen führt. Jede Einheit enthält eine Stammaktie und einen vollständigen Kaufwarrant für Stammaktien, der für 36 Monate ab Abschluss zu C$0,15 ausgeübt werden kann.
Die geänderten Bedingungen entfernen die Beschleunigungsklausel für das Warrantablaufdatum. Die Erlöse dienen der Finanzierung des allgemeinen Betriebskapitals. Die Wertpapiere unterliegen einer Haltedauer von vier Monaten und einem Tag, wobei der Abschluss voraussichtlich rund am 31. Dezember 2024 erfolgt, vorbehaltlich der Genehmigung durch die TSXV. Unternehmensinsider können gemäß den Ausnahmen von MI 61-101 an der Platzierung teilnehmen.
- Potential to raise up to C$1.5 million in working capital
- Extended warrant exercise period of 36 months provides longer-term financing flexibility
- Removal of warrant acceleration clause benefits investors
- Dilutive impact from issuing up to 20 million new units
- Low unit pricing at C$0.075 indicates challenging market conditions
This news release is not for distribution to U.S. newswire services for dissemination in the United States
VANCOUVER, BC / ACCESSWIRE / December 19, 2024 / Tier One Silver Inc. (TSXV:TSLV)(OTCQB:TSLVF) ("Tier One" or the "Company") announces that is has amended the terms of the private placement previously announced on November 20, 2024. Under the amended terms, the Company will now issue up to 20 million units of the Company (each, a "Unit") at an offering price of C
The proposed use of proceeds from the Offering is to fund general working capital.
In accordance with applicable securities laws, the securities issued under the Offering will be subject to a four-month and one day hold period from the date of issuance of the Units in Canada.
Closing of the Offering is anticipated to occur on or about December 31, 2024, subject to the receipt of investor documentation, funds and TSXV approval.
The Company may pay finders' fees in cash and broker warrants in compliance with the policies of the TSXV. The Company is no longer retaining any securities dealers or other placement agents in connection with this financing.
It is possible that insiders of the Company may participate in the Offering relying on the exemption from the formal valuation and minority shareholder approval requirements of Canadian Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions ("MI 61-101") pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person could exceed
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in Peru. The Company is focused on its flagship exploration project, Curibaya. The Company's management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or visit the Company's website: www.tieronesilver.com
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
Forward-Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events in connection with the planned financing. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to the size, closing and use of proceeds of the Offering and receipt of regulatory approval.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management's Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tier One Silver, Inc.
View the original press release on accesswire.com
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