Canada Silver Cobalt Works Inc. announced a private placement of 1,063,830 flow-through units at a price of CAD 0.47 per unit for proceeds of CAD 500,000 and 2,941,176 Quebec flow-through units at a price of CAD 0.51 per unit for proceeds of CAD 1,500,000 for aggregate gross proceeds of CAD 2,000,000 on June 29, 2021. Each unit consists of one flow-through common share and one half of one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share at an exercise price of CAD 0.60 per share, for a period of two years from closing, subject to TSX Venture Exchange approval. All securities issued will be subject to hold period expiring on October 30, 2021. GloRes Securities Inc., the lead finder and was paid CAD 140,000 in cash and issued 196,646 finder's warrants. An additional 88,704 finder warrants were also issued to Marquest Asset Management Inc. The finder's warrants are on the same terms as the financing warrants. The finder's fees paid in connection with the private placement are subject to exchange approval. On July 2, 2021, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.