Norseman Silver Inc. Announces $1,000,000 Non-Brokered Financing
Norseman Silver Inc. Announces $1,000,000 Non-Brokered Financing
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN C ANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – December 5, 2023 – No rseman Silver Inc. (TSXV:NOC) (“ Norseman ” or
the “ Company ”) is pleased to announce a non-brokered private pl acement of up to 10,000,000 units of
the Company (each, a “ Unit ”) at a price of $0.10 per Unit for aggregate gross proceeds to the Company of
up to $1,000,000, subject to an over-allotment option pursuant to which it may increase the Offering by
up to $500,000 (the “ Offering ”).
Each Unit shall be comprised of one common share in the capital of the Company (each, a “ Share ”) and
one half of one common share purchase warrant (each whole warrant, a “ Warrant ”), with each Warrant
entitling the holder thereof to purchase one additional common share at an exercise price of $0.15 for a
period of two years from the Closing Date.
The gross proceeds raised from the sale of Units will be used to advance its exploration programs and for
general corporate matters. The Offering will be conducted in all provinces of Canada pursuant to private
placement exemptions. The closing of the Offering i s subject to, among other things, the receipt of al l
necessary approvals from the TSX Venture Exchange (the “ TSXV ”).
Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the
Offering will be subject to a four (4) month hold period commencing on the Closing Date.
For further information, please contact:
Sean Hurd
Chief Executive Officer
T: 604 505-4554
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the
United States or to or for the account or benefit o f a U.S. person (as defined in Regulation S under t he
United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
Neither 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes
certain "forward-looking statements" which are not comprised of historical facts. Forward looking
statements include estimates and statements that de scribe the Company’s future plans, objectives or
goals, including words to the effect that the Company or management expects a stated condition or result
to occur. Forward-looking statements may be identif ied by such terms as “believes”, “anticipates”,
“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are based on information currently available
to the Company, the Company provides no assurance t hat actual results will meet management’s
expectations. Risks, uncertainties and other factor s involved with forward-looking information could
cause actual events, results, performance, prospect s and opportunities to differ materially from those
expressed or implied by such forward-looking inform ation. Forward looking information in this news
release includes, but is not limited to, the Compan y’s objectives, goals or future plans, statements,
exploration results, potential mineralization, the estimation of mineral resources, exploration and mi ne
development plans, timing of the commencement of op erations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include,
but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources
to reserves, the inability to complete a feasibilit y study which recommends a production decision, the
preliminary nature of metallurgical test results, d elays in obtaining or failures to obtain required
governmental, environmental or other project approv als, political risks, inability to fulfill the duty to
accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed
in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, capi tal and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration and development industry, an inability
to complete the Offering on the terms or on the timeline as announced or at all, capital market conditions,
restriction on labour and international travel and supply chains, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any for ward-looking information, whether as a result of ne w
information, future events or otherwise, other than as required by law.