Silver One Resources Inc. announced a non-brokered private placement of 19,642,857 units at a price of CAD 0.28 per unit for gross proceeds of CAD 5,499,999.96 on June 13, 2024. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at an exercise price of CAD 0.40 for a period of three years from the date of issue.

The securities under the offering will be subject to restrictions on resale expiring four months and one day after issue. The company may pay finders a fee in cash and/or share purchase warrants. The closing of the offering is subject to acceptance of the TSX Venture Exchange.