Tier One Silver Upsizes and Closes $1.48 Million Oversubscribed Equity Financing
TIER ONE SILVER UPSIZES AND CLOSES $1.48 MILLION OVERSUBSCRIBED
EQUITY FINANCING
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION
IN THE UNITED STATES
Vancouver, Canada – April 30, 2024 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB:TSLVF) (“Tier One” or
the “ Company”) is pleased to announce that it has increased the size of the non -brokered private
placement, the terms of which were announced April 9, 2024 (the “Offering”) due to investor demand.
The Company is also announcing that it is has completed the second and final tranche of the Offering in
which 5,237,086 units (each, a “ Unit”) were issued at a price of C$0.14 per Unit for gross proceeds of
C$733,192 bringing the total gross proceeds from the Offering to C$1,484,504.
A Message from Peter Dembicki, President, CEO and Director:
“We are encouraged with the positive trending precious metals market, especially as it pertains to silver.
I want to thank our shareholders for the continued support of the Company, which is evident by the
oversubscribed demand for this financing. I believe 2024 will be a significant year with positive
momentum for Tier One, and I look forward to sharing our progress moving forward.”
In connection with the second tranche of the Offering, the Company paid aggregate cash finders’ fees of
C$22,062 (C$45,037 in total for the Offering) and issued 157,586 non-transferable finders’ warrants
(321,691 finders’ warrants in total for the Offering), 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.
The securities issued under the Offering are subject to a four month and one day hold period in
accordance with applicable Canadian securities law. Final approval from the TSX Venture Exchange is
expected upon filing standard documentation.
The securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the
account or benefit of, U.S. persons absent registration or an applicable exemption from the registration
requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy
nor will there be any sale of the securities in any State in which such offer, solicitation or s ale would be
unlawful.
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 C ompany’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 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, 202 3, 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.