Silver Storm Announces Upsize of Brokered Private Placement FOR Gross Proceeds of up to C$8.0 Million
NEWS RELEASE
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES/
SILVER STORM ANNOUNCES UPSIZE OF BROKERED PRIVATE PLACEMENT FOR
GROSS PROCEEDS OF UP TO C$8.0 MILLION
Toronto, Ontario, May 29, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V:
SVRS | FSE: SVR), is pleased to announce that as a result of strong investor demand, the Company
and Red Cloud Securities Inc. as lead agent and bookrunner and Ventum Financial Corp, as co-agent
(collectively, the “Agents”), have agreed to increase the size of the previously announced best-efforts
private placement (the “ Marketed Offering”) from gross proceeds of up to C$ 6,006,000 to gross
proceeds of up to C$ 8,008,000. The upsized Marketed Offering is comprised of the sale of up to
61,600,000 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 Closing Date (as hereinafter defined).
The Company has granted to the Agents an option, exercisable in full or in part, up to 48 hours prior
to the Closing Date, to sell up to an additional 15,400,000 Units at the Offering Price to raise up to an
additional C$2,002,000 in gross proceeds (the “ Agent’s Option”, and together with the Marketed
Offering, the “Offering”).
The Company intends to use the net proceeds from the Offering to commence rehabilitation work of
the La Parrilla processing facility, order long lead items required to restart La Parrilla, fund ongoing
operations for the next twelve months, and for general corporate and working capital purposes, all as
further detailed in the Offering Document.
Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of
National Instrument 45 -106 – Prospectus Exemptions and in reliance on the Coordinated Blanker
Order 45-935 – Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (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 cert ain 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 amended and restated offering document relating to the Offering (the " Amended and
Restated 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 Amended and Restated Offering Document before making an investment
decision.
The Offering is scheduled to close on or about June 5, 2025 (the “Closing Date”), or such other date
as the Company and the Agent may agree. 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 Agents shall receive a cash commission equal to 6.0% of the gross proceeds of the Offering and
broker warrants (each, a “Broker Warrant”) equal to 6.0% of the number of Units sold pursuant to the
Offering, other than from proceeds received from sales to certain President’s List purchasers identified
by the Company, for which a 2.0% cash commission and 2.0% Broker Warrants will be payable. Each
Broker 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’ 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 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 expect ations. 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 and on the terms presented , the intended use of proceeds of the Offering, the closing
conditions of the Offering, TSXV approval of the Offering, the anticipated closing date of the Offering,
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 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, the decision to potentially place La Parrilla into production, other
production related decisions or to otherwise carry out mining and processing operations, being largely
based on internal non-public Company data and reports from previous operations and n ot 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 deve loped
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.