Tier One Silver Amends Private Placement Terms

Vancouver-based Tier One Silver Inc. has announced amendments to its previously proposed private placement. The company will now issue up to 20 million units at a price of C$0.075 per unit, aiming to raise up to C$1.5 million in gross proceeds. Each unit will include one common share and one purchase warrant, allowing the purchase of an additional common share at C$0.15 within 36 months of the closure.

The proceeds from this offering are intended for general working capital. Closing is expected on or around December 31, 2024, pending the receipt of necessary documentation and TSX Venture Exchange approval. Insiders may participate under certain exemptions, and the company will not retain securities dealers for this financing.

All securities issued will be subject to a hold period of four months and one day in Canada. The securities have not been registered under U.S. law, hence cannot be sold in the U.S. without registration.