Blackrock Silver Corp. announced a best efforts private placement of up to 21,400,000 units, at a price of CAD 0.37 per unit to raise aggregate gross proceeds of up to CAD 7,918,000, subject to a minimum offering of 10,900,000 units for aggregate gross proceeds of CAD 4,033,000 on March 3, 2023. Each unit shall be comprised of one common share and one half of one common share purchase warrant.

Each whole warrant shall entitle the holder thereof to acquire one additional common share at a price of CAD 0.50 per common share for a period of three years from the closing date of the offering. The offering is anticipated to close on or about March 14, 2023, or such later date as the company may determine. The closing is subject to certain conditions including, but not limited to, completion of the minimum offering and the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.