Tier One Silver Announces Marketed Public Offering of C$6.0 Million
Tier One Silver Announces Marketed Public Offering of C$6.0
Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / April 12, 2022 / Tier One Silver Inc. (TSXV:TSLV),
(OTCQB:TSLVF) ("Tier One" or the "Company") is pleased to announce that it has entered
into an agreement with Red Cloud Securities Inc. ("Red Cloud" or the "Agent") to act as sole
agent and bookrunner on a "best efforts" basis for a public offering (the "Offering") of 9,231,000
units of the Company (each, a "Unit") at a price of C$0.65 per Unit (the "Unit Price") for gross
proceeds to the Company of C$6,000,150.
Each Unit shall consist of one common share of the Company and one half of one common share
purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle
the holder thereof to purchase one common share of the Company at a price of C$1.00 at any
time on or before the date which is 24 months after the closing date of the Offering.
The Company has granted to the Agent an option, exercisable for a period of 30 days after and
including the closing date of the Offering, to sell up to that number of additional Units equal to
15% of the number of Units sold pursuant to the Offering at the Unit Price to cover over-
allotments, if any, and for market stabilization purposes.
The Company plans to use the net proceeds of the Offering for the exploration and advancement
of the Company's projects in Peru, which includes its flagship Curibaya project, and for general
working capital purposes.
The Units will be offered, on a marketed basis, by way of a short form prospectus filed in British
Columbia, Alberta and Ontario. The Offering is scheduled to close on or around April 27, 2022,
and is subject to certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the TSX Venture Exchange and the applicable securities
regulatory authorities. A copy of the Preliminary Prospectus is available at www.sedar.com.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State
in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of
Communications at (778) 729-0600 or [email protected].
About Tier One
Tier One Silver is an exploration company focused on creating value for shareholders and
stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru.
The Company's management and technical teams have a strong track record in raising capital,
discovery and monetization of exploration success. The Company's exploration assets in Peru
include: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya. For
more information, visit www.tieronesilver.com.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within
the meaning of Canadian securities legislation (collectively, "forward-looking statements") that
relate to the Company's current expectations and views of future events. are not historical facts
and may be forward-looking statements and may involve estimates, assumptions and
uncertainties which could cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in this news release
should not be heavily relied upon. These statements speak only as of the date of this news
release. In particular and without limitation, this news release contains forward-looking
statements in regard to the Company's exploration plans, the closing of the Offering and the use
of proceeds of the Offering.
Readers should refer to the risks discussed in the Company's Annual Information Form and
Management's Discussion & Analysis for the year ended December 31, 2020, and subsequent
continuous disclosure filings with the Canadian Securities Administrators available
at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE: Tier One Silver Inc.