Canada Silver Cobalt Works Inc. announced a non-brokered private placement to issue 10,000,000 Quebec Flow-Through Units at a price of CAD 0.04 per Unit raising gross proceeds CAD 400,000 on October 30, 2023. Each QFT Unit is comprised of one flow-through common share and one half of one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of CAD 0.08 per share, for a period of two years from closing, subject to TSX Venture Exchange approval.

Finder?s fees in the amount of CAD 28,000 cash and 350,000 warrants will be paid in connection with the financing. The finder?s warrants are at an exercise price of CAD 0.08 per share, for a period of two years from closing. The finder?s fees paid in connection with the private placement are subject to Exchange approval.

All securities issued in connection with the private placement will be subject to a four-month and a day hold period in accordance with applicable Canadian Securities Laws.