On September 18, 2024, Sierra Madre Gold and Silver Ltd. announced the successful closure of its non-brokered private placement, raising $500,000 through the sale of 1,250,000 common shares at a price of $0.40 per share. The company intends to utilize the proceeds for future marketing activities and general working capital.
The transaction is subject to final approval from the TSX Venture Exchange, with all securities issued under the offering being subject to a hold period until January 19, 2025.
Sierra Madre Gold & Silver is a precious metals development and exploration company focusing on projects in Mexico. The company’s management team has extensive experience in managing exploration and development projects in the mining industry.
This press release contains forward-looking statements and information, and readers are advised not to place undue reliance on these statements. The company cannot guarantee the accuracy of future results due to various risks and uncertainties.
For more information, please visit the official press release on the Sierra Madre Gold & Silver website.
