Silver One Resources Inc. announced that it has received CAD 5.907759 million in funding
On June 20, 2024, Silver One Resources Inc., closed the transaction. The company issued 21,099,138 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 5,907,758.64. Each Unit is comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at CAD 0.40 per Share for a period of three years from the date of issue. The shares issued under the offering will be subject to restrictions on resale until October 21, 2024. The company paid finders a fee totaling CAD 78,120.48 and issued finders a total of 237,006 finder's warrants. Each finder's warrant is exercisable at a price of CAD 0.40 per share for a period of three years from the date of issue.
The company has received CAD 94,798.630136 ($69,203) pursuant to Regulation D and included participation from 3 investors.