Silver Storm Announces Shares FOR Debt Settlement
NEWS RELEASE
SILVER STORM ANNOUNCES SHARES FOR DEBT SETTLEMENT
Toronto, Ontario, June 21, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company")
(TSX.V: SVRS), announces that it has entered into a debt settlement letter agreement with a legal
service provider to the Company (the “ Creditor”) to settle the Company’s outstanding debt for
past services performed by the Creditor in the amount of $286,760.95 (the “ Debt”) by issuing
972,200 common shares in the capital of the Company (the “ Common Shares”) at a deemed
price of $0.18 per Common Share (the “ Shares-for-Debt Transaction ”), in addition to the
payment to the Creditor of $111,760.95. The Board of Directors has determined that it is in the
best interests of the Company to settle the outstanding Debt to the Creditor partially through the
issuance of Common Shares in order to preserve the Company’s cash for ongoing operations.
Closing of the Shares-for-Debt Transaction is subject to customary closing conditions, including
the approval of the TSX Venture Exchange.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced -stage silver projects located in Durango, Mexico. In
August 2023 Silver Storm 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 w ell 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 M exico. 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’ 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
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 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 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 issuance of Common Shares, the making of cash payments to the Creditor, and TSX
Venture Exchange approval of the Shares-for-Debt Transaction.
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 undue reliance on forward -
looking statements or information.