Silver One Announces $25 Million Private Placement Financing

Executive Summary

• Silver One Resources Inc. announced a non‑brokered private placement of up to 43,104,000 units at $0.58 per unit for total gross proceeds of approximately $25 million.
• Each unit consists of one common share and one‑half of a warrant; each full warrant allows purchase of an additional common share at $0.80 for three years.
• Net proceeds are earmarked for drilling, exploration, metallurgical and environmental work, a pre‑feasibility study, BLM claim payments, and general working capital on the Candelaria Project and other properties.

Key Details

• Units Offered: Up to 43,104,000 units
• Price per Unit: $0.58
• Aggregate Gross Proceeds: $25,000,320
• Unit Composition: 1 common share + ½ warrant (full warrant = right to buy 1 additional share at $0.80)
• Warrant Term: 3 years from issuance; exercise price $0.80 per share
• Offering Exemption: Part 5A of NI 45‑106, Coordinated Blanket Order 45‑935; available to Canadian (excluding Quebec) and other qualified investors; no hold period for Canadian subscribers
• Use of Proceeds:
• Drilling program at the Candelaria Project
• Exploration and geophysics work on mineral properties
• Metallurgical and environmental studies at Candelaria
• Preparation of a pre‑feasibility study for Candelaria
• Annual BLM mineral claim payments
• General working capital
• Closing: May occur in one or more tranches; expected within three weeks, subject to TSX Venture Exchange approval
• Finder’s Fees: Company may pay permissible finder’s fees in connection with the offering

Notable Quotes

(No direct quotes were provided in the release.)