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Silver47 Announces Graduation to Tier 1 Status on the TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Silver47 Exploration Corp. (TSXV:...
About this update from Silver47 Exploration Corp
[{"type":"text","content":"Silver47 Announces Graduation to Tier 1 Status on the TSX Venture ExchangeVancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (\"Silver47\" or the \"Company\") is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the \"TSXV\") effective May 23, 2025.The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV's highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Silver47's continued growth and its commitment to providing long-term value for its shareholders.As a result of this graduation to Tier 1 status, the securities of Silver47, previously subject to the escrow provisions of Tier 2 issuers, will now be governed by the release provisions of Tier 1 issuers, with the securities being released over an 18-month period. The following securities will be immediately releasable: 3,952,748 common shares, 462,500 options, and 131,250 restricted share units and/or any common shares after the exercise of such convertible securities. The remaining escrowed securities will be ‎releasable as follows: 3,952,763 common shares, 462,500 options, and 131,2500 restricted share units will be releasable on November 14, 2025, which is 12 months from listing (and/or any common shares after the exercise of such convertible securities); and 3,952,764 common shares, 462,500 options, and 131,250 restricted share units will be releasable on May 14, 2026, which is 18 months from listing (and/or any common shares after the exercise of such convertible securities).About Silver47 Exploration Corp.Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated March...