Silver One Announces Private Placement Financing
Silver One Announces Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2017) -
Silver One Resources Inc. (TSXV: SVE) (OTC Pink:
SLVRF) (FSE: BRK1)
("Silver One") is pleased to announce that it will conduct a non-brokered private placement of up
10,000,000 units ("Units") at a price of $0.40 per Unit for gross proceeds of up to $4,000,000.
Each Unit offered will be comprised of one common share and one-half of one common share purchase warrant ("Warrant"),
with each whole Warrant entitling the holder to purchase one additional common share at $0.60 per share for a period of three
(3) years from the date of issue.
All securities issued in connection with the private placement will be subject to a four-month statutory hold period. A finder's fee
may be payable on the private placement.
Proceeds of the financing will be used for exploration activities on the Candelaria Silver Project and working capital purposes.
Completion of the private placement remains subject to the approval of the TSX Venture Exchange.
About Silver One
Silver One is a silver focused exploration company that holds an option to acquire a 100% interest in the past producing
Candelaria Silver Project, located in Nevada, from SSR Mining Inc. (formerly, Silver Standard Resources Inc.) and a 100%
interest in three significant silver assets located in Mexico: Penasco Quemado in the State of Sonora, La Frazada in the State of
Nayarit, and Pluton in the State of Durango. The Mexican mining assets were acquired from First Mining Financing, which
became a key shareholder as a result of the transaction.
For more information, please contact:
Silver One Resources Inc.
Greg Crowe, President and CEO
Phone:
(604) 974-5274
Email:
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of
this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not
guarantees of future performance. Silver One cautions that all forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors
include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient
financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to
carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future
events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied
in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no
obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PR
OVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS R
ESPONSIBILITYFOR THE ADEQUACY OR
ACCURACYOF THIS RELEASE.