Silver Valley Metals Receives Conditional Approval for Warrant Exercise Incentive Program
Silver Valley Metals Receives Conditional Approval for Warrant Exercise
Incentive Program
Vancouver, British Columbia – June 16, 2023 – Silver Valley Metals Corp. (TSXV: SILV)
(OTCQB: SVMFF) (“Silver Valley” or the “Company”) is pleased to report it has received
conditional approval from TSX Venture Exchange to proceed with the Warrant Exercise Incentive
Program (the "Program"), previously announced June 13, 2023. The Program will commence as
of Monday June 19, 2023, and terminate Friday July 7, 2023.
Under the Program, if the warrants that were issued from the Company’s private placement
conducted in November 2022 (the “Eligible Warrants”) are exercised prior to 4:00 p.m. (PDT time)
on July 7, 2023 (the "Incentive Period"), the holders of the Eligible Warrants (the “Warrant
Holders”) would receive one (1) additional warrant (an "Incentive Warrant") in consideration of
the early exercise of each Eligible Warrant. Each Incentive Warrant will be exercisable to acquire
one (1) common share of the Company at a price of $0.11 per share for a period of two (2) years
from the date of issuance. The Company believes this will give existing Warrant Holders a strong
incentive to exercise their existing Eligible Warrants. The Incentive Warrants will be subject to a
hold period of four months plus one day after the date of distribution.
In the event the Warrant Holder decides not to participate in the Program the Warrant Holder may
exercise their Eligible Warrants under the original terms.
Directors and Officers of the Company own or control 576,667 (less than 5%) of Eligible Warrants.
The Company is not aware of any potential new insider position that would be created upon the
exercise of the Eligible Warrants nor the Incentive Warrants.
The Company would receive gross proceeds of $1,934,567 from the incentive Program if all
Eligible Warrants from the November 2022 placement are exercised. Funds will be used for further
exploration expenditures and working capital.
These securities have not been and will not be registered under the United States Securities Act of
1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered
or sold within the United States unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from registration is available. This announcement does not
constitute an offer to sell or a solicitation of an offer to buy any of the securities in this Warrant
Exercise Incentive Program within the United States or to, or for the account or benefit of, U.S.
Persons (as defined under Regulation S under the U.S. Securities Act).
About: Silver Valley Metals:
Silver Valley Metals Corp. is a Canadian exploration company comprised of a group of
experienced exploration, mining, and financing specialists focused on t he pursuit of mineral
discovery and development. We are focused on the advancement of strategic and precious mineral
properties including Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA.
On behalf of the Board of Directors of Silver Valley Metals,
"Brandon Rook”
Brandon Rook, President & CEO, Director
For further information please contact Doug Dobbs at:
509-475-1173, or
604-800-4710
Email: [email protected]
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and
may be "forward-looking statements." Forward-looking statements are subject to a variety of risks
and uncertainties which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal
proceedings; political and regulatory risks associated with mining and exploration; risks related to
the maintenance of stock exchange listings; risks related to environmental regulation and liability;
the potential for delays in exploration or development activities or the completion of feasibility
studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill
results, the geology, grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and expenses;
results of prefeasibility and feasibility studies, and the possibility that future exploration,
development or mining results will not be consistent with the Company's expectations; risks related
to commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company's disclosure record. Should
one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking statements. These
forward-looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances. Actual events or results
could differ materially from the Company's expectations or projections.