Silver Storm Announces Non-Brokered Private Placement Life Offering FOR Gross Proceeds of up to C$2.6 Million
NEWS RELEASE
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES/
SILVER STORM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT LIFE
OFFERING FOR GROSS PROCEEDS OF UP TO C$2.6 MILLION
Toronto, Ontario, June 23 , 2025: Silver Storm Mining Ltd. (“ Silver Storm ” or the " Company")
(TSX.V: SVRS | FSE: SVR), is pleased to announce its intention to complete a non-brokered private
placement (the “Offering”) for gross proceeds of up to C$2,600,000 from the sale of up to 20,000,000
units of the Company (each, a “Unit”) at a price of $0.13 per Unit (the “Offering Price”).
Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one common
share purchase warrant (each a “Warrant”). Each Warrant shall entitle the holder to purchase one
common share (each, a “Warrant Share”) at a price of C$0.20 at any time on or before that date which
is thirty-six (36) months after the date of issuance.
Greg McKenzie, President & CEO of Silver Storm commented: “We are pleased with the
commencement of institutional interest in the company, this equity raise will further underpin the strong
liquidity base in the Company.”
Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of
National Instrument 45 -106 – Prospectus Exemptions (“NI 45 -106” and with Part 5A, the “ Listed
Issuer Financing Exemption ”), the Units will be offered for sale to purchasers resident in the
provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan . The Unit Shares and
Warrant Shares underlying the Units are expected to be immediately freely tradeable under applicable
Canadian securities legislation if sold to purchasers’ resident in Canada. The Units sold under the
Offering may also be issued to purchasers outside of Canada, including to purchaser’s resident in the
United States and in certain offshore foreign jurisdictions , pursuant to applicable regulatory
requirements and in accordance with OSC Rule 72 -503 - Distributions Outside Canada (“OSC Rule
72-503”). The Units sold to purchasers in the United States will be made on a private placement basis
pursuant to one or more exemptions from registration requirements of the United States Securities Act
of 1933, as amended (the “ U.S. Securities Act”). Purchasers are advised to consult their own legal
advisors in this regard.
There is an offering document relating to the Offering dated June 23, 2025 (the "Offering Document")
that can be accessed under the Company's profile at www.sedarplus.ca and on the Company’s
website at www.silverstorm.ca. Prospective investors in the Offering should read the Offering
Document before making an investment decision.
The Company intends to use the net proceeds from the Offering for: (i) the procurement of mine
processing flotation cells; (ii) to commence rehabilitation work of the La Parrilla processing facility
including equipment purchase and refurbishment, labour an d supplies; (iii) to order long lead items
including deposits on mining equipment and ventilation fans; (iv) to fund ongoing operations for the
next twelve months; and (v) for general corporate and working capital purposes, all as further detailed
in the Offering Document.
The Offering may close in one or more tranches. Completion of the Offering is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals, including the approval
of the TSX Venture Exchange (the “TSXV”).
The Company may pay a cash commission to eligible finders who introduce subscribers to the Offering
equal to up to 6.0% of the gross proceeds of the Offering and finder warrants (each, a “ Finder
Warrant”) up to 6.0% of the number of Units sold pursuant to the Offering . Each Finder Warrant is
exercisable into one common share of the Company at the Offering Price for a period of thirty-six (36)
months following the completion of the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities
in the United States, nor shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities have not been and will not be registered
under the U.S. Securities Act, as amended or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced -stage silver projects located in Durango, Mexico. In 2023
Silver Storm acquired of 100% of the La Parrilla Silver Mine Complex, a prolific past producing
operation comprised of a 2,000 tpd mill as well as five underg round mines and an open pit that
collectively produced 34.3 million silver -equivalent ounces between 2005 and 2019. The Company
also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver
assets in Mexico. For more in formation regarding the Company and its projects, please visit our
website at www.silverstorm.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward -looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ Natio nal Instrument 51 -102 – Continuous
Disclosure Obligations. Forward -looking statements are not comprised of historical facts. Forward -
looking statements include estimates and statements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Although these statements are based on information
currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking
information could cause actual events, results, performance, prospects and opportunities to diff er
materially from those expressed or implied by such forward -looking information. Forward -looking
information in this news release includes, but is not limited to: the intended use of proceeds of the
Offering, the closing conditions of the Offering, state ments with respect to the closing of the second
tranche of the offering, including the timing and terms thereof, final TSXV approval of the Offering,
statements with respect to the Insider Participation, including reliance on the MI 61 -101 exemptions,
the Company's plans and expectations for La Parrilla, and the ability to eventually place the La Parrilla
Complex back into production.
In making the forward-looking statements included in this news release, the Company have applied
several material assumptions, including that the Offering will close on the anticipated terms or at all or
may not close on the terms and conditions currently anticipated by the Company; that the Company
will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary
approvals in respect of the Offering; the Company´s financial condition and development plans do not
change because of unforeseen events, and management’s ability to execute its business strategy and
no unexpected or adverse regulatory changes with respect to La Parrilla, the decision to potentially
place La Parrilla into production, other production related deci sions or to otherwise carry out mining
and processing operations, being largely based on internal non-public Company data and reports from
previous operations and not based on NI 43 -101 compliant reserve estimates, preliminary economic
assessments, pre-feasibility or feasibility studies, resulting in higher risks than would be the case if a
feasibility study were completed and relied upon to make a production decision. Forward -looking
statements and information are subject to various known and unknown risks and uncertainties, many
of which are beyond the ability of the Company to control or predict, that may cause the Company’s
actual results, performance or achievements to be materially different from those expressed or implied
thereby, and are developed based on assumptions about such risks, uncertainties and other factors
set out herein.
Such forward -looking information represents managements best judgment based on information
currently available. No forward -looking statement can be guaranteed, and actual future results may
vary materially. Accordingly, readers are advised not to place und ue reliance on forward -looking
statements or information.