Silver Dollar Closes Financing Led by Strategic Investor and Largest Shareholder Eric Sprott
FOR IMMEDIATE RELEASE
Silver Dollar Closes Financing Led by Strategic
Investor and Largest Shareholder Eric Sprott
Use of proceeds will include fall drilling at the recently acquired Ranger-Page
Silver-Lead-Zinc Project in Idaho’s Coeur d’Alene Mining District
VANCOUVER, BC – October 29, 2024 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:
SLVDF) (FSE: 4YW) (“Silver Dollar ” or the “Company”) has completed the previously
announced non-brokered private placement financing that raised gross proceeds of $1,500,000 (the
“Offering”).
The Offering consisted of 6,000,000 units priced at $0. 25 each. The units are comprised of one
common share and one -half of a non-transferable share purchase warrant with each full warrant
entitling the holder to purchase one additional common share of the Company at a price of $0. 40
per share for two years from the closing date of the Offering.
Mr. Eric Sprott subscribed for 3,000,000 units or $750,000 of the Offering. This investment results
in Mr. Sprott holding approximately 1 9.8 percent of Silver Dollar’s issued and outstanding
common shares calculated on a partially diluted basis.
The Company paid finders’ fees of $22,400 and 89,600 finders’ warrants on a portion of the
Offering proceeds. The finders' warrants entitle the holder to purchase one common share of the
Company at a price of $0. 40 for twenty -four months from the closing date. All securities issued
pursuant to this Offering will have a hold period expiring on March 2, 2025.
The Company will use the net proceeds of the Offering to fund its initial drilling campaign at the
recently acquired Ranger-Page Ag-Pb-Zn Project in Idaho’s Silver Valley and for general working
capital purposes.
Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt
the offering from the requirements for a formal valuation and minority shareholder approval. To
the Company’s knowledge, neither it nor the purchasers have knowledge of any material
information concerning the Company or its securities that has not been generally disclosed.
About the Ranger-Page Project
Ranger-Page is a drill -ready project in a world -class silver district. The land package covers six
historic mines and is ideally situated near Interstate 90 with year -round access to power, water,
local infrastructure and a workforce in the Silver Valley s killed in exploration and mining. The
primary target areas are up and down plunge from historic underground mining, along strike where
ground induced polarization (IP) surveys identify anomalies, and where surface trenching
identified near surface mineralization. Additional exploration targets have also been identified
away from historic mine infrastructure, using soil geochemical data, mapping, and ground IP
survey data.
Figure 1: Ranger-Page claim groups, underground mine workings, and new target areas.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America’s
premier mining regions: Idaho’s prolific Silver Valley and the Durango-Zacatecas silver-gold belt.
Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, along with the early-
stage Nora project. The Company’s financial backers include renowned mining investor Eric
Sprott, our largest shareholder. Silver Dollar’s m anagement team is committed to an aggressive
growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects
in mining-friendly jurisdictions.
For additional information, you can download our latest presentation here and follow us on X here.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (204) 724-0613
Email: [email protected]
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain “forward -looking statements.” Forward -looking statements involve known and
unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or
achievements of the Company to be materi ally different from any future results, performance or achievements
expressed or implied by the forward -looking statements. Any forward-looking statement speaks only as of the date of
this news release and, except as may be required by applicable securitie s laws, the Company disclaims any intent or
obligation to update any forward -looking statement, whether as a result of new information, future events or results
or otherwise.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this news release.