Tier One Silver Announces Termination of Public Offering
Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) announced that it will not proceed with its proposed prospectus offering due to current market conditions. The decision, made on May 4, 2022, follows an earlier announcement on April 12, 2022. The company is now exploring alternative financing options and plans to provide updates soon. Tier One Silver focuses on discovering valuable silver, gold, and base metal deposits in Peru, with notable projects including Curibaya and Hurricane Silver.
- Exploring alternative financing options to support exploration activities.
- Strong focus on discovering world-class mineral deposits in Peru.
- Termination of the public offering may hinder immediate capital raising efforts.
- Unfavorable market conditions impacting financing strategies.
VANCOUVER, BC / ACCESSWIRE / May 4, 2022 / Tier One Silver Inc. (TSXV:TSLV)(OTCQB:TSLVF) ("Tier One" or the "Company") announces that the proposed prospectus offering, announced April 12, 2022, will not be proceeding due to recent market conditions. Tier One is arranging an alternative financing and expects to make an announcement in this regard in the near future.
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 Natasha Frakes, Vice President of Communications at (778) 729-0600 or info@tieronesilver.com.
About Tier One
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company's management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company's exploration assets in Peru include: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya. For more information, visit www.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. are not historical facts and may be forward-looking statements and 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 Company's financing plans.
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, 2021, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com.
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.
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https://www.accesswire.com/700162/Tier-One-Silver-Announces-Termination-of-Public-Offering
FAQ
What led to the cancellation of the public offering by Tier One Silver (TSLVF)?
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What are the key projects that Tier One Silver is focusing on?
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