Blackrock Silver Corp. announced a private placement on best efforts basis of 10,000,000 units at a price of CAD 0.50 per unit for gross proceeds of up to CAD 5,000,000 on August 4, 2022. Each unit shall consist of one common share and one half of one common share purchase warrant.

Each warrant shall be exercisable into one common share at an exercise price of CAD 0.75 for a period of 36 months from the closing date. The company has granted the agents an option to offer up to an additional 15% of the offering. The agentÆs option may be exercisable to acquire units, shares and/or warrants or any combination thereof, in whole or in part, by written notice to the company up to 48 hours prior to the closing date of the offering.

The securities issued under the offering will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The offering is expected to close on or about August 30, 2022 and is subject to closing conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.