Workflow
Sierra Madre Announces Upsize of Private Placement to $19.5 Million with Investment from Eric Sprott
Newsfile·2025-07-21 21:26

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 27,858,000 units of the Company (each a "Unit") at a price of 0.70perUnit(the"IssuePrice")foraggregategrossproceedstotheCompanyofupto0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to 19,500,600 (the "Offering").Eric Sprott, through 2176423 Ontario Ltd ...