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Sierra Madre Announces Closing of First Tranche of $19.5 Million Best Efforts Private Placement of Units
SM EnergySM Energy(US:SM) Newsfile·2025-07-25 03:08

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the first tranche (the "First Tranche") of its previously announced brokered private placement offering of 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"). The First Tranche consisted of 25,358, ...