Silver One Closes Oversubscribed Financing of $6.04 Million

Executive Summary

• Silver One Resources closed an oversubscribed non‑brokered private placement, issuing 21,587,713 units at $0.28 per unit for total gross proceeds of $6.04 M.
• Each unit consists of one common share and half a warrant; warrants allow purchase of additional shares at $0.40 for three years.
• Proceeds will fund exploration and drilling on the company’s mineral properties and provide general working capital.

Key Details

• Units Issued: 21,587,713 units @ $0.28 per unit → $6,044,559.64 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (full warrant = right to buy one additional share at $0.40).
• Warrant Terms: Exercise price $0.40 per share; exercisable for three years from issuance date.
• Resale Restrictions: Shares subject to resale lock‑up until December 29, 2025.
• Finder Compensation:
• Cash commission of $39,768 and 142,029 finder warrants issued to registered finders.
• Southpoint Capital Sagl – $25,200 cash commission + 90,000 finder warrants.
• Golden Capital Consulting – $150,000 cash commission + 535,714 finder warrants.
• Finder Warrant Terms: Same as unit warrants (exercise price $0.40, three‑year term).
• Use of Proceeds: Primarily for exploration and drilling costs on existing mineral properties; remainder for general working capital.

Notable Quotes

(No executive quotes provided in the release.)