Tier One Silver Closes $750,000 First Tranche of Equity Financing
TIER ONE SILVER CLOSES $750,000 FIRST TRANCHE OF EQUITY
FINANCING
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION
IN THE UNITED STATES
Vancouver, Canada – April 24, 2024 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB:TSLVF) (“Tier One” or
the “ Company”) is pleased to announce that it has completed the first tranche of its non-brokered
private placement , the terms of which were announced on April 9, 2024 (the “Offering”), by issuing
5,366,514 units at C$0.14 per unit for gross proceeds to the Company of C$751,311.96.
In connection with the closing of the first tranche of the Offering, the Company paid cash finders’ fees
of C$22,974.72 and issued 164,105 non-transferable finders’ warrants, with each finder ’s warrant
exercisable on the same terms as the unit warrants as announced April 9, 2024 . The proposed use of
proceeds from the Offering is to fund general working capital.
In accordance with applicable securities laws, the securities issued under the Offering are subject to a
statutory four-month and one-day hold period from the date of issuance in Canada. Final approval by
the TSX Venture Exchange is expected upon filing standard documentation.
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders
through the discovery of world -class silver, gold and copper deposits in Peru. The Company is focused
on its flagship exploration project , Curibaya. The Company’s management and technical teams have a
strong track record in raising capital, discovery and monetization of exploration success. For more
information, visit www.tieronesilver.com.
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 the company at (778) 729 -0700 or
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 e vents in connection with the planned financing.
Forward-looking statements are not historical facts and therefore 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 size , closing and 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, 2023, and subsequent
continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
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.