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21:18:14 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 66,697,522
Close 2024-01-08 C$ 0.095
Market Cap C$ 6,336,265
Recent Sedar Documents

Silver Bullet talks $98,285 2nd tranche of financing

2024-01-09 13:41 ET - News Release

Subject: No Subject! Word Document File: '\\swfile\EmailIn\20240109 103327 Attachment 01 09 more details on financing.docx' Silver Bullet Provides Further Details on Second Tranche of Financing January 9, 2024 - Burlington, Ontario - Silver Bullet Mines Corp. (TSXV:SBMI and OTCQB:SBMCF) ('SBMI' or 'the Company') on January 4, 2024 announced the closing of the first tranche of its previously announced financing (the "Financing"). On January 9, 2024 SBMI announced closing the second tranche of the Financing. The Company is providing greater details on this second tranche and correcting inadvertent amounts. The second tranche of the Financing consisted of $98,285 by way of units (each, a "Unit") priced at $0.12 cents per Unit, resulting in the issuance of 819,042 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. One insider participated in the Financing. Finders fees paid to arm's length parties were $2,604 in cash and 21,700 broker warrants, with those warrants having an exercise price of $0.17 and a term of 24 months. The participation of one insider constitutes a "related party transaction" for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in completing the Offering with the Insider on the basis that the fair market value of such participation is less than 25% of SBMI's current market capitalization. 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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