Vancouver, British Columbia–(September 11, 2017) – Silver One Resources Inc. (TSXV: SVE) (OTC Pink: SLVRF) (FSE: BRK1)(“Silver One”) is pleased to announce that it will conduct a non-brokered private placement of up 10,000,000 units (“Units”) at a price of $0.40 per Unit for gross proceeds of up to $4,000,000.
Each Unit offered will be comprised of one common share and one-half of one common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one additional common share at $0.60 per share for a period of three (3) years from the date of issue.
All securities issued in connection with the private placement will be subject to a four‐month statutory hold period. A finder’s fee may be payable on the private placement.
Proceeds of the financing will be used for exploration activities on the Candelaria Silver Project and working capital purposes.