IMPACT Silver Corp. announced a non-brokered private placement of 15,882,353 units at a price of CAD 0.17 per unit for the gross proceeds of CAD 2,700,000 on December 6, 2023. Each Unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company, with each Warrant entitling the holder thereof to acquire one common share of the company at a price of CAD 0.22 per warrant share until the date that is 24 months from the closing date of the offering.

The transaction is expected to close on or about the week of December 15, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The company may pay finder's fees or commissions on a portion of the offering, subject to compliance with the policies of the Exchange and applicable securities legislation.