TORONTO, April 24, 2024 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) ("Silver Mountain" or the "Company"), is pleased to announce that it has completed its previously announced prospectus offering (the "Offering") of units of the Company (the "Units"). The Offering was completed on a "best efforts" agency basis pursuant to an agency agreement (the "Agency Agreement") dated April 18, 2024 among the Company and Eight Capital and SCP Resource Finance LP (together, the "Agents"). Pursuant to the Offering, the Company has issued an aggregate of 87,638,928 Units at a price of $0.11 per Unit (the "Offering Price") for aggregate gross proceeds of $9,640,282, including the partial exercise by the Agents of the over-allotment option to purchase an additional 5,820,428 Units at the Offering Price.
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