Business
Silver One Resources Announces Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Silver One Resources Inc. (TSX...
About this update from Silver One Resources Inc.
[{"type":"text","content":"Silver One Resources Announces Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) (\"Silver One\" or the \"Company\") is pleased to announce to announce a non-brokered private placement financing of 17,857,142 units (a \"Unit\") at a price of $0.28 per Unit for total proceeds of $5,000,000 (the \"Offering\").Under the Offering, each Unit will consist of one common share (each, a \"Common Share\") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase a Common Share at an exercise price of $0.40 for a period of three years from the date of issue.The securities under the Offering will be subject to restrictions on resale expiring four months and day after issue. The Company may pay finders a fee in cash and/or share purchase warrants. The Company intends to use the net proceeds for exploration and drilling on the Company's mineral properties as well as general working capital purposes.Closing of the Offering is subject to acceptance of the TSX Venture Exchange (the \"Exchange\").The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.About Silver OneSilver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.The Company owns a 100% interest in the Cherokee project located in Lincoln County...