Business
Silver One Announces Closing of First Tranche for $31 Million
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that it has closed its first tranche of its previously announced non-brokered private placement financing (see news release dated January 13, 2026 and January 14, 2026). The Company issued 53,583,000 units of the Company (the "Units") at a price of $0.58 per Unit for aggregate gross proceeds of $31,078,140 (the.
About this update from Silver One Resources Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that it has closed its first tranche of its previously announced non-brokered private placement financing (see news release dated January 13, 2026 and January 14, 2026). The Company issued 53,583,000 units of the Company (the "Units") at a price of $0.58 per Unit for aggregate gross proceeds of $31,078,140 (the "Offering"). The Company expects to close the final tranche of $922,200 shorlty.","length":620,"tagName":"p"},{"type":"text","content":""Management is very pleased with the enthusiastic response to the Offering. Eric Sprott subscribed for approximately $10 million of the $32 million placement and now holds approximately 16.0% of the issued and outstanding shares. We also welcome other new institutions into the shareholder register. This is a strong show of support for our company and its silver-focused projects.","length":386,"tagName":"p"},{"type":"text","content":""The Company plans to move aggressively with more exploration drilling at all our projects, especially regarding the potential to increase the in-ground mineralization marginal to the two open-pits at Candelaria. We will be continuing our heap pad drilling, sampling and metallurgical studies in preparation for our upcoming pre-feasibility study," stated Greg Crowe, Chief Executive Officer of the Company.","length":417,"tagName":"p"},{"type":"text","content":"Each Unit consists of one (1) common share ("Share") and one-half (1/2) of one common share purchase warrant (each whole share purchase warrant, a "Warrant"), with each whole Warrant entitling the holder to purchase one (1) additional common share (a "Warrant Share") at $0.80 per Warrant Share for a period of three years from the date of issue.","length":376,"tagName":"p"},{"type":"text","content":"The securities issued under the Offering to Canadian subscribers are not subject to a hold period in Canada as the Units were offered pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers...