GR Silver Mining Ltd. announced a non-brokered private placement and it will issue of 13,333,334 units at an issue price of CAD 0.075 per unit, to raise total gross proceeds of up to CAD 1,000,000.05 on July 11, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of CAD 0.12 at any time on or before that date which is 24 months after the closing date of the offering.

The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance.

Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.