10:27:26 EDT Sun 23 Jun 2024
Enter Symbol
or Name

Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 66,697,522
Close 2023-12-07 C$ 0.10
Market Cap C$ 6,669,752
Recent Sedar Documents

Silver Bullet Mines applies to extend private placement

2023-12-08 10:30 ET - News Release

Mr. John Carter reports


In connection with Silver Bullet Mines Corp.'s private placement originally announced in the company's press release of Oct. 25, 2023, the company has applied to the TSX Venture Exchange for an extension of a further 30 days price protection to complete further subscriptions. The company intends the next tranche or tranches of the offering to close within that period.

Further closing of the offering is subject to receipt of further subscriptions and all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and to the resale rules of applicable securities legislation.

Silver Bullet has begun processing approximately 50 tons of mixed mineralized material from the new Zone 1 at the Buckeye silver mine. It is anticipated assay results from this initial bulk sample should be available within a week or so. Processing this bulk sample is being treated as a trial run for the expected imminent production from Zone 1.

The material is being assayed at multiple stages of the process to insure optimal recovery. The assay results will provide input as to any adjustments that may be necessary to improve production efficiencies and grade. The company intends to take this mix of material through the entire milling process and produce silver dore bars.

At the Buckeye silver mine the crew continues to drill and blast as it develops the new Zone 1 and provides the mineralized material to be processed at the mill.

The company also announces it has granted 1,778,571 options to officers, directors and consultants. Each option has a five-year term, vests immediately and has an exercise price of 15 cents, which is a premium to the market and to the offering.

We seek Safe Harbor.

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