Silver One arranges $25-million private placement

Executive Summary

• Silver One Resources Inc. has arranged a non-brokered private placement financing of up to $25 million, issuing up to 43,104,000 units at a price of $0.58 per unit.
• Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.80 per share for three years.
• Net proceeds will be primarily allocated to drilling, exploration, and prefeasibility studies at the Candelaria project, along with general working capital.

Key Details

• Financing Structure: Non-brokered private placement of up to 43,104,000 units.
• Price: $0.58 per unit.
• Gross Proceeds: Up to $25,000,320.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.80 per share.
• Warrant Expiry: Three years from the date of issue.
• Regulatory Basis: Offered pursuant to Part 5A of National Instrument 45-106 and Coordinated Blanket Order 45-935.
• Jurisdiction: Available to purchasers resident in Canada (excluding Quebec) and other qualifying jurisdictions outside Canada.
• Hold Period: Securities issued to Canadian subscribers are not subject to a hold period in Canada.
• Use of Proceeds:
  1. Drilling program at the Candelaria project.
  2. Exploration and geophysics work at mineral properties.
  3. Metallurgical and environmental work at the Candelaria project.
  4. Preparing a prefeasibility study on the Candelaria project.
  5. Annual mineral claim payments to the Bureau of Land Management.
  6. General working capital purposes.
• Closing Conditions: Closing may occur in one or more tranches, expected within three weeks, subject to TSX Venture Exchange approval.
• Finder’s Fees: The company may pay finders' fees as permitted by applicable securities laws and TSX Venture Exchange rules.

Notable Quotes

• No direct quotes from management were included in the provided text.