Silver Mountain Announces $7.5 Million Public Offering

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (“Silver Mountain” or the “Company”), is pleased to announce that it has entered into an agreement pursuant to which Eight Capital and SCP Resource Finance LP, as joint bookrunners and co-lead agents (together, the “Agents”), will offer for sale up to 68,200,000 units of the Company (the “Units”) on a best efforts basis (the “Offering”), at an offering price of $0.11 per Unit, for aggregate gross proceeds of up to $7,502,000. The Offering will be conducted pursuant to an agency agreement to be entered into on or before April 18, 2024 among the Company and the Agents.

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