Baroyeca Gold & Silver Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 2,000,000 on October 27, 2022. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitling the holder to acquire one additional common share of the company at a price of CAD 0.20 per share for a period of two years.

The company may pay fees in cash and/or securities in connection with this financing. The private placement is subject to acceptance for filing by the TSX Venture Exchange.