VANCOUVER, BC, Aug. 16, 2022 /CNW/ – Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQB: SMDRF) (“Sierra Madre” or the “Company“) is pleased to announce that it has amended the terms of its previously disclosed “best efforts” brokered private placement (the “Offering“) (see press release dated June 27, 2022).