Silverstock Announces Increase to Non-Brokered Private Placement
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Silverstock Announces Increase to Non-Brokered Private Placement
Vancouver, B.C. – October 5, 2023 – Silverstock Metals Inc. (CSE: STK) (“Silverstock” or the
“Company”) has increased its non-brokered private placement announced August 17, 2023, the
Company now intends to raise gross proceeds of up to CAD$521,000 by issuing up to 5,210,000 units
(each a “Unit”) at CAD$0.10 per Unit (the “Offering”). Each Unit is comprised of one (1) common share
in the capital of the Company (each a " Common Share") and one-half of one (1/2) transferable
Common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder
to acquire one (1) Common Share at CAD$0.20 for two (2) years from the date of issuance. The
Company intends to use the net proceeds from the Offering for general working capital purposes and
anticipates closing to occur on or around October 13, 2023. All securities issued under the Offering,
including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months
and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable
Canadian securities laws. In connection with the Offering, the Company may pay certain eligible
finder’s a fee equal to 6% of the gross proceeds from the Offering and issue Warrants, equal to 6% of
the total number of Units sold.
About Silverstock Metals Inc.
Silverstock is engaged in the business of mineral exploration and the acquisition of mineral property
assets in Canada. Its objective is to locate and develop economic precious and base metal properties
of merit and to conduct the exploration of its Gold C utter Property. The Gold Cutter Property is
comprised of two contiguous mineral claims totaling approximately 1,821.1 hectares and is located in
the Kamloops Mining Division, British Columbia.
On behalf of the Board of Directors,
SILVERSTOCK METALS INC.
Jonathan Fruchter
Chief Executive Officer, President and Director
For further information, please contact:
Jonathan Fruchter
Chief Executive Officer, President and Director
+1 (203) 905-9939
Reader Advisory
This news release contains statements that constitute "forward -looking information," including
statements regarding the plans, intentions, beliefs, and current expectations of the Company, its
directors, or its officers with respect to the future business activities of the Company. The words "may,"
"would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next,"
"propose," and similar expressions, as they relate to the Company or its management, are intended to
identify such forward-looking information. Without limiting the generality of the foregoing statements,
the proposed use of the proceeds of the Offering is forward -looking information. Investors are
cautioned that statements including forward-looking information are not guarantees of future
business activities and involve risks and uncertainties, and that the Company's future business activities
may differ materially from those described in the forward-looking information as a result of various
factors, including but not limited to fluctuations in market prices, successes of the operations of the
Company, continued availability of capital and financing, and general economic, market, and business
conditions. There can be no assurances that such forward-looking information will prove accurate, and
therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The
Company does not assume any obligation to update any forward -looking information except as
required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of
Canada accepts responsibility for the adequacy or accuracy of this release.