Silver Storm Announces Non-Brokered Private Placement Offering of up to $2.0 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
OFFERING OF UP TO $2.0 MILLION
Toronto, Ontario, December 5, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company")
(TSX.V: SVRS | FSE: SVR) , announces its intention to complete a non-brokered private placement
offering of up to 22,222,222 units of the Company (“ Units”) at a price of $ 0.09 per Unit (the “ Issue
Price”) for gross proceeds of up to $ 2,000,000 (the "Offering"). The Company reserves the right to
increase the size of the Offering, subject to the approval of the TSX Venture Exchange ("TSXV”).
Each Unit will consist of one common share of the Company (a "Common Share") and one common
share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one (1) additional
Common Share at an exercise price of $0.16 until thirty-six (36) months from the date of issuance (the
“Expiry Date”).
The Company intends to use the net proceeds from the Offering to complete its upcoming NI 43-101
resource statement and for general corporate and working capital purposes.
In connection with the Offering, the Company may pay finders’ fees in cash or securities, or a
combination of both, as permitted by the policies of the TSXV.
The Offering will be available to accredited investors in all the provinces and territories of Canada,
pursuant prospectus registration exemptions available under NI 45 -106 – Prospectus Exemptions.
The Offering may be conducted in the United States pursuant to exemptions from the registration
requirements under Rule 144A and/or Regulation D of the United States Securities Act of 1933, as
amended (the "1933 Act"), subject to receipt of all necessary regulatory approvals, and in those other
jurisdictions outside of Canada and the United States provided it is understood that no prospectus
filing or comparable obligation arises in such other jurisdiction. The securities issued and issuable
pursuant to the Offering will be subject to a four month and one day hold period.
The Offering may close in one or more tranches. The closing is subject to certain conditions including,
but not limited to, the completion of documentation and the receipt of all necessary regulatory and
other approvals, including the approval of the TSXV and applicable securities regulatory authorities.
This news release shall not constitute an offer to sell or the 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 securi ties being offered have not been, nor will they be,
registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold
in the United States absent registration or an applicable exemption from the registration requirements
of the 1933 Act, and applicable U.S. state securities laws.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm
recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation
which is comprised of a 2,000 tpd mill as well as five underground 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 information 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’ National 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 and Qualified
Persons (in the case of technical and scientific information) 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 assump tions 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 Com pany 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 differ
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 Company completing the Offering
as planned, the intended use of proceeds of the Offering, the closing conditions of the Offering, the
TSXV approval of the Offering and the anticipated closing date of the Offering , and the timing and
completion of an updated technical report for La Parrilla.
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;
that the Units will have the anticipated terms; 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 . 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.