05:10:52 EDT Wed 24 Jul 2024
Enter Symbol
or Name

Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 66,697,522
Close 2024-01-03 C$ 0.095
Market Cap C$ 6,336,265
Recent Sedar Documents

Silver Bullet closes $230,800 1st tranche of financing

2024-01-04 10:00 ET - News Release

Subject: No Subject! Word Document File: '\\swfile\EmailIn\20240104 065508 Attachment 01 03 close first tranche only.docx' Silver Bullet Closes First Tranche of Financing and Provides Operational Update January 4, 2024 - Burlington, Ontario - Silver Bullet Mines Corp. (TSXV:SBMI and OTCQB:SBMCF) ('SBMI' or 'the Company') announces it has closed the first tranche of the non-brokered financing (the "Financing") previously announced on October 25, 2023. The first tranche of the Financing consisted of $230,800.00 by way of units (each, a "Unit") priced at $0.12 cents per Unit, resulting in the issuance of 1,923,333 Units. Each Unit consisted of one common share and a full warrant exercisable into one common share at $0.17 for a term of 2 years. There is no acceleration clause on these $0.17 warrants. The Company expects to close the final tranche of the Financing in the near future. For further information, please contact: John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843 Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232 Cautionary and Forward-Looking Statements This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct. By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.

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