Sierra Madre Gold & Silver (TSXV: SM) has announced a best-efforts private placement of up to 14.29M units at a price of C$0.70 per unit, aiming to raise gross proceeds of approximately C$10M.
Each unit includes one common share and one-half warrant, with each full warrant exercisable at C$0.85 for a period of 12 months. The offering is expected to close around July 24, subject to final approvals.
The proceeds will be used primarily to expand capacity at the company’s Guitarra underground mine in Mexico, as well as to provide general working capital and support corporate activities. Guitarra returned to commercial production in early 2025 and has begun generating revenue, positioning the company to build on early momentum.
The placement is being led by a syndicate of agents, with the structure designed to attract institutional and accredited investors in Canada and the United States.
To find out more, please visit www.sierradmadregoldandsilver.com
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