Core Points - Silver One Resources Inc. has increased its non-brokered private placement financing to 21,487,857 units at a price of $0.28 per unit, resulting in total proceeds of $6,016,600 due to oversubscription [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of a common share at an exercise price of $0.40 for three years [2][3] - The net proceeds from the offering will be used for exploration and drilling on the company's mineral properties and for general working capital [3] Company Overview - Silver One is focused on the exploration and development of quality silver projects, owning a 100% interest in the Candelaria Mine in Nevada, which has potential for near-term production through reprocessing of silver from historic leach pads [5] - The company also holds a 100% interest in the Cherokee project in Lincoln County, Nevada, which features multiple silver-copper-gold vein systems traced over 11 km [6] - Additionally, Silver One owns the Silver Phoenix Project, a high-grade native silver prospect recently permitted for drilling, located within the Arizona Silver Belt [6]