Silver Bullet Mines Corp. (TSX-V:SBMI, OTC:SBMCF) has closed the initial tranche of its non-brokered financing, as announced on October 25, 2023.
This tranche amounted to $230,800, offering units at $0.12 each, resulting in 1,923,333 issued units. Each unit comprises one common share and a warrant, exercisable at $0.17 per share for two years, without an acceleration clause.
The company said it anticipates concluding the final tranche of the financing shortly.