GR Silver Mining Announces Extension of Non- Brokered Private Placement Financing
GR Silver Mining Announces Extension of Non-
Brokered Private Placement Financing
/Not for distribution to
United States
newswire services or for dissemination in
the United States
./
VANCOUVER, BC
,
Sept. 29, 2023
/CNW/ -
GR Silver Mining Ltd.
("GR Silver Mining" or the
"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces that it has been
granted an extension by the TSX Venture Exchange (the "
TSXV
") to complete its non-brokered
private placement of units (each, a "
Unit
") for gross proceeds of up to
$1 million
(the "
Offering
") at
the terms of the Offering as set out in the
news release
dated
July 31, 2023
. The extended date for
final acceptance of the Offering is
October 26, 2023
. The Offering remains subject to final approval
of the TSXV.
The Company closed a first tranche (the "
First Tranche"
) of 6,597,500 Units for gross proceeds of
$329,875
, as more fully described in the
news release
dated
August 10
, 2023. The Company
remains active, evaluating alternatives to fund the progress of resource growth and assessing
options to maximize the use of existing infrastructure and available permits at the Plomosas Project.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in
the United States of America
. The securities have not been and will not be registered
under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and
may not be offered or sold within
the United States
or to U.S. Persons (as defined in the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from
such registration is available.
About GR Silver Mining Ltd
.
GR Silver Mining is a Canadian-based,
Mexico
-focused junior mineral exploration company engaged
in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, in the southeast of Sinaloa State,
Mexico
. GR Silver Mining
controls 100% of two past producer precious metal underground and open pit mines, within the
expanded Plomosas Project, which includes the integrated San Marcial Area and
La Trinidad
acquisition. In conjunction with a portfolio of early to advanced stage exploration targets, the
Company holds 734 km
2
of concessions containing several structural corridors totaling over 75 km in
strike length.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. Such statements and information reflect
the current view of the Company. Risks and uncertainties may cause actual results to differ
materially from those contemplated in those forward-looking statements and information. By their
nature, forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events,
to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.
Neither the 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 press release.
SOURCE
GR Silver Mining Ltd.
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For further information:
Eric Zaunscherb Telephone: +1.647.293.8457, Email:
CO: GR Silver Mining Ltd.
CNW 07:30e 29-SEP-23