Tier One Silver closes $6.5-million financing

Executive Summary

• Tier One Silver Inc. completed the second and final tranche of its upsized non‑brokered private placement, issuing 39,762,000 units at $0.08 per unit for gross proceeds of $3,180,960, bringing total proceeds to $6.5 million.
• Each unit includes one common share and one full‑share purchase warrant (exercise price $0.11, exercisable up to 36 months; second tranche warrants expire Sept. 16 2028).
• Proceeds will be used to finance exploration at Curibaya, investigate new projects, and provide general working capital.

Key Details

• Units Issued – Second Tranche: 39,762,000 units @ $0.08/unit = $3,180,960 gross proceeds.
• Total Offering Proceeds: $6.5 million (combined first and second tranches).
• Unit Composition: 1 common share + 1 full‑share purchase warrant per unit.
• Warrant Terms: Exercise price $0.11 per share; exercisable for up to 36 months after issuance; second‑tranche warrants expire Sept. 16 2028.
• Finder’s Fees & Warrants Paid:
• Canadian registrants – cash fee $165,256 + 2,065,700 non‑transferable finder’s warrants.
• CapSolutions GmbH (Europe) – cash fee $3,506 + 43,820 non‑transferable finder’s warrants.
• Financial Adviser Fee to 3L Capital Inc.: $140,000 cash plus 1.25 million units and 1.75 million warrants on the same terms as above.
• Use of Proceeds:
• Exploration financing at the Curibaya project (South America).
• Investigation of new prospective projects.
• General working capital.
• Holding Period Restrictions: Shares, warrants, and any future shares from warrant exercise subject to a four‑month‑and‑one‑day hold period in Canada (expires Jan. 17 2026 for the second tranche).
• Insider Ownership Cap: Warrants contain a restriction preventing holders from exceeding 9.99 % of issued shares; no new insiders created by this offering.
• Regulatory Status: Written TSX Venture Exchange final acceptance pending filing of customary closing documents.

Notable Quotes

“We are very pleased with the strong demand for this financing and the confidence shown by both new strategic investors and our long‑standing shareholders… With a stronger balance sheet, we will continue advancing exploration, as well as identifying new opportunities to add value…” – Peter Dembicki, President, CEO & Director.