Tier One Silver Closes $6.5 Million Oversubscribed Equity Financing

Core Viewpoint - Tier One Silver Inc. has successfully completed the second and final tranche of its upsized non-brokered private placement, raising a total of C$6,500,000, which reflects strong investor interest and confidence in the company and the precious metals market, particularly silver [1][2]. Group 1: Offering Details - The second tranche involved the issuance of 39,762,000 units at C$0.08 per unit, generating gross proceeds of C$3,180,960 [1]. - Each unit consists of one common share and one full common share purchase warrant, with the warrants allowing the purchase of shares at C$0.11 for up to 36 months [1]. - The total gross proceeds from the Offering are C$6,500,000, indicating robust demand and oversubscription [1][2]. Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for exploration at the Curibaya project, investigation of new projects, and general working capital [2]. Group 3: Financial Advisory and Fees - The company paid cash finders' fees of C$165,256 and issued 2,065,700 non-transferable finders' warrants to Canadian registrants, along with additional fees to a European investment firm [2]. - A corporate finance fee was paid to 3L Capital Inc., which included $140,000 in cash, 1,250,000 units, and 1,750,000 warrants, all under the same terms as the Offering [2]. Group 4: Company Overview - Tier One Silver is focused on discovering world-class silver, gold, and copper deposits in South America, with its flagship project being Curibaya [5]. - The management and technical teams have a strong track record in capital raising and monetizing exploration success [5].