Silver Bullet Mines Closes Final Tranche of Financing
Silver Bullet Mines Closes Final Tranche of
Financing
Burlington, Ontario--(Newsfile Corp. - December 6, 2022) - On October 21, 2022 Silver Bullet Mines
Corp. (TSXV: SBMI) (OTCQB: SBMCF) ('SBMI' or 'the Company') announced a financing of Units (the
"Financing"), whereby each Unit consisted of one common share and one common share purchase
warrant. Each Unit is priced at $0.20 (twenty cents). Each common share purchase warrant has a 2-year
term and is exercisable at $0.30 (thirty cents).
SBMI announces it has closed on the final tranche of the Financing, being $360,912. This represents
1,804,560 common shares and 1,804,560 common share purchase warrants. This together with the first
tranche totals $807,912, an oversubscription from the announced target of $600,000. No insiders
participated and there here are no finder fees payable on this tranche.
For further information, please contact:
John Carter
Silver Bullet Mines Corp., CEO
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-
looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as
"believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management
believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be
correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future
results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are
set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as
expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future
outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any
other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for
SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the
location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of
inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and
CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at
this time are immeasurable and impossible to define.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/146944