Silver Valley Metals Files for Approval of Non-Brokered Private Placement Financing; Expiry of Warrant Exercise Incentive Program
Silver Valley Metals Files for Approval of Non-Brokered Private Placement Financing; Expiry of Warrant Exercise Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), is pleased to announce that it has filed documents with the TSX Venture Exchange (the "Exchange") for conditional approval of a $0.10 common share, no warrant private placement financing (the "Financing"), for aggregate gross proceeds of up to $700,000, with a first tranche close of $645,374.10. On receipt of Exchange approval the Company will close the first tranche, issuing 6,453,741 common shares of the Company for aggregate gross proceeds of $645,374.10.
溫哥華，不列顛哥倫比亞省--(Newsfile Corp.-2023年7月18日)-銀谷金屬股份有限公司(多倫多證券交易所股票代碼：Silv)(場外交易代碼：SVMFF)(以下簡稱“銀谷”或“本公司”)欣然宣佈，已向多倫多證券交易所創業板(“聯交所”)提交檔案，有條件地批准發行0.10美元的普通股，無認股權證私募融資(“融資”)，總收益高達700,000美元，首批完成交易金額為645,374.10美元。在收到交易所批准後，該公司將結束第一批，發行6,453,741股公司普通股，總收益為645,374.10美元。
Proceeds from the Financing will be used for:
融資所得將用於：
- Completing the phase 2 active exploration program at the Ranger-Page project in the Silver Valley, north Idaho, USA; this includes a multi-kilometre trenching program, road building, preparations for a future drill campaign in 2023, further field exploration including additional geochemical surveys, detailed mapping, and 3D geological modeling.
- To maintain and advance its MexiCan lithium - sulphate of potash (Li-SOP) project / deposit(s) in Mexico; project development planning; evaluating additional opportunities related to lithium and potash exploration and development in Mexico; and lastly, to continue its partnership negotiations for the lithium aspect of its deposit(s) with LitioMx, the recently formalized national lithium company of Mexico.
- Project option payment for the Ranger-Page Project.
- General working capital.
- 完成階段2主動型在美國愛達荷州北部銀谷的Ranger-Page專案的勘探計劃；這包括一項多公里的挖溝計劃、道路建設、為2023年的未來鑽探活動做準備、進一步的野外勘探，包括額外的地球化學調查、詳細繪圖和3D地質建模。
- 為維護和推進其在墨西哥的墨西哥硫酸鋰鉀鹽(Li-SOP)專案/礦藏(S)；專案發展規劃；評估與墨西哥鋰和鉀肥勘探開發相關的更多機會；以及最後，繼續與最近正式成立的墨西哥國家鋰公司LitioMx就其礦藏(S)的鋰問題進行合作夥伴關係談判。
- Ranger-Page專案的專案選項付款。
- 一般營運資金。
The Financing is being effected with 3 insiders, for a total of 350,000 common shares for $35,000.00, each insider subscription being a "related party transaction" as such term is defined under MI 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization.
融資將與3名內部人士一起完成，總計350,000股普通股，價格為35,000.00美元，每一次內部認購均為“關聯方交易”，這一術語在MI 61-101-特殊交易中保護少數族裔證券持有人中定義。本公司根據MI 61-101第5.5(A)及(B)條就該交易獲豁免遵守MI-61-101的正式估值要求，因為該交易的公平市值(就涉及利害關係方而言)不超過本公司市值的25%。
All securities issued pursuant to the Financing will be subject to a 4-month hold.
根據融資發行的所有證券將被持有4個月。
Further to the Company's June 16, 2023 and July 7 2023 news releases, the Company announces that its Warrant Exercise Incentive Program has expired. No warrants were exercisd. Due to the financing demand received, the Company made a decision to open up the financing opportunity to a greater number of participants thereby offering a private placement instead of the Warrant Incentive Program that was geared for past subscribers only.
繼本公司於2023年6月16日及2023年7月7日發佈新聞稿後，本公司宣佈其認股權證行使激勵計劃已到期。沒有行使任何認股權證。由於收到融資需求，本公司決定向更多參與者開放融資機會，從而提供私募，而不是僅面向過去認購人的權證激勵計劃。
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About Silver Valley Metals Corp.:
關於銀谷金屬公司：
Silver Valley Metals Corp. is a Canadian exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the pursuit of mineral discovery and development. We are focused on the advancement of strategic and precious mineral properties including Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA.
銀谷金屬公司是一家加拿大勘探公司，由一群經驗豐富的勘探、採礦和融資專家組成，專注於礦物發現和開發。我們專注於戰略性和貴重礦產的開發，包括墨西哥的鋰鉀礦和美國愛達荷州北部的銀鋅鉛礦。
On behalf of the Board of Directors of Silver Valley Metals,
我謹代表銀谷金屬公司董事會：
"Brandon Rook"
《布蘭登·魯克》
Brandon Rook, President & CEO, Director
總裁，董事首席執行官魯克
For further information please contact us at:
604-800-4710
info@silvervalleymetals.com
如需更多資訊，請通過以下方式聯繫我們：
604-800-4710
郵箱：info@silvervalley metals.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所創業板交易所尚未對本新聞稿的充分性或準確性進行審查，也不承擔任何責任。
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
本文中包含的資訊包含適用證券法所指的“前瞻性陳述”。前瞻性陳述涉及基於管理層假設、對未來業績的預測以及對尚未確定的數額的估計的資訊。任何表達預測、期望、信念、計劃、預測、目標、假設或未來事件或業績的陳述都不是歷史事實的陳述，可能是“前瞻性陳述”。前瞻性表述受各種風險和不確定因素的影響，可能導致實際事件或結果與前瞻性表述中反映的不同，包括但不限於：未能及時以可接受的條件獲得充分融資的風險；與法律訴訟結果有關的風險；與採礦和勘探有關的政治和監管風險；與維持證券交易所上市有關的風險；與環境監管和責任有關的風險；勘探或開發活動或完成可行性研究的可能性；盈利能力的不確定性；與解釋鑽探結果、礦藏的地質、品位和連續性有關的風險和不確定性；與生產和成本估計固有的不確定性有關的風險和可能出現的意外成本和開支；預可行性和可行性研究的結果，以及未來勘探、開發或採礦結果與公司預期不符的可能性；與大宗商品價格波動有關的風險；以及與公司在披露記錄中其他部分詳細介紹的前景、物業和業務有關的其他風險和不確定性。如果這些風險和不確定性中的一個或多個成為現實，或者基本的假設被證明是不正確的，實際結果可能與前瞻性陳述中描述的大不相同。告誡投資者不要將不必要的確定性歸因於前瞻性陳述。這些前瞻性陳述是在本新聞稿發佈之日作出的，公司不承擔任何更新或修訂這些陳述以反映新事件或新情況的義務。實際事件或結果可能與公司的預期或預測大不相同。
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