Silver X Mining Announces Bought Deal Life Offering for Gross Proceeds of up to C$10.0 Million

Group 1 - Silver X Mining Corp. has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter for a syndicate of underwriters [1] - The underwriters will purchase 20,000,000 units of the company at a price of C$0.50 per unit [1] - The offering is expected to generate gross proceeds of C$10,000,000 [1] Group 2 - Each unit will consist of one common share and one-half common share purchase warrant [1]