Transactions

Peterson McVicar Acts for Red Cloud in Tier One Silver Marketed Public Offering of C$6.0 Million

On April 12, 2022 Tier One Silver Inc. (“Tier One” or the “Company”) announced that it had entered into an agreement with Red Cloud Securities Inc. (“Red Cloud” or the “Agent”) to act as sole agent and bookrunner on a “best efforts” basis for a public offering (the “Offering”) of 9,231,000 units of the Company (each, a “Unit”) at a price of C$0.65 per Unit (the “Unit Price”) for gross proceeds to the Company of C$6,000,150.

 

The Company has granted to the Agent an option, exercisable for a period of 30 days after and including the closing date of the Offering, to sell up to that number of additional Units equal to 15% of the number of Units sold pursuant to the Offering at the Unit Price to cover overallotments, if any, and for market stabilization purposes. 

 

The Company plans to use the net proceeds of the Offering for the exploration and advancement of the Company’s projects in Peru, which includes its flagship Curibaya project, and for general working capital purposes.

 

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru.

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