Silver Bullet Mines Corp. Announces Extension of Closing Date of Financing
Silver Bullet Mines Corp. Announces Extension of Closing Date of Financing
January 21, 2025 – Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI ) and
(OTCQB:SBMCF) (SBMI or t he Company) announces it has received approval from the TSXV
to extend the closing of its previously announced financing by 30 days from the original closing
date of January 24, 2025.
As previously announced, the private placement financing consists of Units, with each Unit priced
at $0.12 (twelve cents). Each Unit consists of one common share and one full $0.16 (sixteen cent)
warrant with a 36-month term, with each such warrant being exercisable into a common share (the
“Financing”). There is no acceleration clause on the warrants.
These funds will be used to finance an accelerated development program at the Super Champ Mine
in Arizona, an accelerated development program at the Washington Mine Property in Idaho, and
working capital.
Referral fees may be paid to arm’s length persons in connection with the issuance of the Units.
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", "contin ues" and
similar expressions. Although management believes that the expectations represented in such forward -looking statemen ts 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, SBM I 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 futu re 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 pathogens create risks that at this time are immeasurable and impossible to define.