Blackrock Silver Corp. announced that it has received CAD 12.000001 million in funding from Elysee Development Corp., First Majestic Silver Corp., Crescat Portfolio Management LLC, and other investors

On June 8, 2021, Blackrock Silver Corp. closed the transaction. The company issued 13,333,334 units for gross proceeds of CAD 10,000,001 and 2,666,667 units for CAD 2,000,000 for aggregate proceeds of CAD 12,000,001.

Each warrant entitles the holder to acquire one common share at an exercise price of CAD 1.15 per common share until June 8, 2023. The transaction included participation from 54 placees including Crescat Portfolio Management LLC, Elysee Development Corp for 125,000 units and two insiders David Laing for 200,000 units and Daniel Vickerman for 53,339 units. The securities issued in the transaction will have a hold period of that expires on October 9, 2021.

The transaction is subject to final approval of the TSX Venture Exchange. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company received $1,016,781 (CAD 1,229,999.9757) from 4 investors pursuant to exemption provided under Regulation D.